By virtue of these holdings, the amendment to the
Loan Note constitutes a related party transaction in accordance with Rule 13 of the AIM Rules for Companies.
This reduced gain was capable of being rolled into the
loan note so that when the
loan note was paid, the reduced gain became taxable at the CGT rate at that time.
In either case, provided the
loan note permits early encashment before 6 April 2008 and it is commercially feasible, it would be sensible to secure the benefit of taper relief, and the 10 per cent tax rate which goes with it.
Andalas Energy and Power Plc is pleased to announce an update on its zero coupon
loan note (the
Loan Note) issued to Sandabel Capital L.P (Sandabel).
The transactions will see GLI dispose a number of assets to SMEF including existing holdings in the
loan note of a pharmaceutical company, a solar energy construction loan and stakes in two BMS Finance structures.
Chairman Peter Ridsdale spelt out the financial difficulties as the club prepares for a High Court case against the
loan note holders on March 10.
Living Ventures has used the proceeds to reduce bank indebtedness, repay outstanding
loan note interest and preference debt due to the Restaurant Group, with the remaining proceeds being distributed to the shareholders of Living Ventures.
United are to raise pounds 10m via a
loan note allocation scheme to be approved by shareholders towards the end of the month.
Hayward Tyler Group plc ("HTG", the "Company" or "Group"), the specialist engineering group, comprising the operating companies of Hayward Tyler and Peter Brotherhood, today announces a number of contract wins at both of its operating companies together with revised banking facilities and an intention to increase the Company's
loan note programme.
United are to raise ElOmillion via a
loan note allocation scheme to be approved by shareholders towards the end of the month.
"However, one of the shareholders is receiving a
loan note for the sale of their shares instead of cash or equity and so now has a Murabaha financing structure instead of a traditional interest bearing
loan note.
On the 9 August 2016 REM announced that it had conditionally raised USD 15m through a
loan note convertible into ordinary shares in the company.
