OneView Group PLC Short Term Loan Facility (4588C)
January 22 2018 - 2:00AM
UK Regulatory
TIDMONEV
RNS Number : 4588C
OneView Group PLC
22 January 2018
22 January 2018
OneView Group plc
("OneView" or the "Company")
Short Term Loan Facility
OneView (AIM: ONEV), one of the retail industry's leading
digital transformation software providers for in-store customer
service, announces that Hawk Investment Holdings Limited ("Hawk")
and Lane Capital Group Limited ("LCG"), which is wholly owned by
Gary Lane, a Non-Executive Director and his immediate family, have
provided the Company with a loan facility (the "Loan") of $300,000.
The Loan was drawn down on 16 January 2018 and is for a term of 90
days. The Loan is unsecured and interest is charged at 1% per
month. The Loan will be used to cover short term working capital
needs pending large customer receipts expected later in the first
quarter of 2018. It can be repaid at any time.
Given the significant shareholdings of Hawk and LCG and the
board position held by Gary Lane, the Loan is deemed a related
party transaction under the AIM Rules for Companies. The
independent Directors (being all those other than Gary Lane),
having consulted with finnCap, consider that the terms of the Loan
is fair and reasonable insofar as the Company's shareholders are
concerned.
Further Details:
OneView Group Tel: 01634
plc 673172
Stuart Mitchell,
CEO
Linda Palanza,
COO
Mark Wilson, Finance
Director
finnCap Limited Tel: 0207
220 0500
Geoff Nash
Kate Bannatyne
Turner Pope Investments Tel: 020 3621
4120
Ben Turner
James Pope
Newgate Communications Tel: 020 7653
9848
Bob Huxford
Lydia Thompson
About OneView Commerce
OneView Commerce is a pioneer in digital store transformation,
helping global retailers implement successful unified commerce
strategies that centre on the critical engagement in store. The
company's cloud-based Digital Store Platform combines digital-ready
point of sale, line busting, and end-to-end unified commerce
capabilities, with the ability to capture and deliver the rich
content from these store interactions across the retail enterprise.
OneView enables the exchange of this powerful store information to
immediately impact sales, business operations and the customer
experience. Travis Perkins plc, Wickes, and Discount Tire
Corporation are among the global retailers revolutionizing their
stores with OneView Commerce. For more information, visit
www.oneviewcommerce.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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