Medi@Invest PLC - Re Initial Debt Facility
October 20 1999 - 3:30AM
UK Regulatory
RNS No 3091f
MEDI@INVEST PLC
20 October 1999
Medi@Invest PLC ("the Company")
Further to the successful fund raising completed by the Company last week and
the announcement regarding the Company's immediate plans made yesterday,
Medi@Invest PLC, the media and internet investment company, is delighted to
announce its first use of the funds raised.
The Company has agreed to provide, on a commercial basis, an initial debt
facility of #250,000 to KZN Media Limited, an internet service provider, which
will shortly launch a secure website aimed at 5 to 12 year old children.
Enquiries:
Robin Jones Medi@Invest PLC 0171 706 3000
Jonathan Hinton Arthur Andersen Corporate Finance 0171 438 3000
Richard Armstrong Fiske & Co. Limited 0171 448 4700
Rupert Ashe GCI Focus 0171 600 1392
Notes to Editors:
Medi@Invest PLC invests in unquoted companies that can benefit from growing
internet access, electronic commerce and the convergence of digital
communications and services. The Company, previously called Langley & Johnson
Group PLC, is listed on AIM.
END
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