IDE Group Holdings PLC Result of Open Offer to Subscribe for Loan Notes (6933P)
February 12 2019 - 2:00AM
UK Regulatory
TIDMIDE
RNS Number : 6933P
IDE Group Holdings PLC
12 February 2019
IDE Group Holdings Plc
("IDE" or the "Company")
Result of Open Offer to Subscribe for Loan Notes
Further to the announcements of 10 January 2019 and 24 January
2019, IDE, the mid-market network, cloud and IT Managed Services
provider, is pleased to announce the result of the open offer to
subscribe for up to GBP4.7 million loan notes (the "Second Tranche
LNs"). Valid acceptances in respect of GBP1 million Second Tranche
LNs have been received. Under the terms of the Underwriting
Agreement, MXC will subscribe for the remaining GBP3.7 million
Second Tranche LNs. The proceeds of the Second Tranche LNs will be
used to repay IDE's remaining debt facilities with Natwest and to
provide additional working capital for the Company.
Where undefined, all capitalised terms in this announcement will
have the same meaning as defined in the announcement published on
10 January 2019.
IDE Group Holdings Plc Tel: +44 (0)344
Andy Parker, Executive Chairman 874 1000
finnCap Limited Tel: +44 (0)20 7220
Nominated Adviser and Broker 0500
Corporate finance: Jonny Franklin-Adams/
Scott Mathieson/ Hannah Boros
ECM: Tim Redfern/ Richard Chambers
MXC Capital Markets LLP Tel: +44 (0)20 7965
Financial Adviser 8149
Charlotte Stranner
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END
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