BMC Birmingham City

 

TIDMBMC 
 
RNS Number : 5682T 
Birmingham City PLC 
09 June 2009 
 
Birmingham City plc ("the Company") 
 
 
Short Term Loan 
 
 
Birmingham City Football Club (the "Club") has agreed short term, unsecured, 
working capital loans from two of its directors, David Sullivan and David Gold, 
to fund its stadium refurbishment and player purchase programmes. 
 
 
Under the terms of these loans, Roldvale Ltd Employee Benefit Trust (in which 
David Sullivan is interested) and David Gold, will each lend GBP1m to the Club, 
repayable on or before 1st September 2009. The loans will bear an interest rate 
of ½ per cent. per month.  There will be no facility fee payable. 
 
 
As required by Rule 13 of the AIM Rules for Companies, the Company's directors 
(other than the directors interested in the loans) consider, having consulted 
with the Company's nominated adviser Shore Capital and Corporate Limited, that 
the terms of the loans are fair and reasonable in so far as its shareholders are 
concerned. 
 
 
  Enquiries: 
 
 
+------------------------------------+------------------------------------+ 
| Birmingham City plc                | 0844 557 1875                      | 
| Roger Bannister                    |                                    | 
|                                    |                                    | 
+------------------------------------+------------------------------------+ 
| Shore Capital and Corporate        | 020 7408 4090                      | 
| Limited                            |                                    | 
| Graham Shore                       |                                    | 
+------------------------------------+------------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCILFEDRDITIIA 
 

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