OneView Group PLC Short Term Loan Facility (1179G)
February 27 2018 - 8:26AM
UK Regulatory
TIDMONEV
RNS Number : 1179G
OneView Group PLC
27 February 2018
27 February 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")
has provided the Company with a loan facility (the "Loan") of
$300,000. The Loan 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 and can be repaid at any
time. The Company's outstanding debt consists of the Loan and the
$300,000 short term loan facility as announced on 22 January
2018.
Given the significant shareholding of Hawk, the Loan is deemed a
related party transaction under the AIM Rules for Companies. The
Directors, having consulted with finnCap, consider that the terms
of the Loan are 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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