PME African Infrastructure Opps PLC Loan Facility (0306U)

TIDMPMEA

RNS Number : 0306U

PME African Infrastructure Opps PLC

10 October 2014

PME African Infrastructure Opportunities plc

("PME" or the "Company")

(AIM: PMEA.L)

Loan Facility

PME African Infrastructure Opportunities plc, an investment company established to invest in sub-Saharan African infrastructure and infrastructure related industries, announces that, on 10 October 2014, it entered into a secured loan agreement with Helvetica Deutschland GmbH ("Helvetica") for EUR600,000 (the "Loan").

The Loan is secured on the Company's cash receivables, is repayable at par on 10 October 2015 and attracts an interest rate of 10% per annum. Interest payments are payable quarterly in arrears. There are no arrangement or commitment fees payable.

The Company intends to use the proceeds of the Loan for general working capital purposes.

Related Party Transaction

Paul Macdonald is interested in 40% of Helvetica's issued share capital. Under the AIM Rules for Companies (the "AIM Rules"), Helvetica is, therefore, deemed to be a related party of the Company and the Loan is a related party transaction pursuant to Rule 13 of the AIM Rules. The independent director of PME, Lawrence Kearns, considers, having consulted with Smith & Williamson Corporate Finance Limited in its capacity as the Company's nominated adviser, that the terms of the Loan are fair and reasonable insofar as the shareholders of PME are concerned.

For further information please contact:

 
 
 
Smith & Williamson 
 Corporate Finance Limited   Azhic Basirov / Ben Jeynes   +44 20 7131 4000 
 
Oriel Securities Limited     Neil Winward / Tom Yeadon    +44 20 7710 7600

This information is provided by RNS

The company news service from the London Stock Exchange

END

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