PROVENTEC : Repayment of loan facility
Further to the announcement made on 2 July 2009, the Board of Proventec plc (AIM:PROV, Alternext:ALPTC), confirms that it has repaid the short-term, 16% per annum unsecured loan for the provision of a total of £500,000 used to support the working capital requirements of the Company.
Following repayment the Company is pleased to announce that the loan provider has subscribed for a new loan note, under the same terms as the existing 8.5% fixed rate convertible guaranteed unsecured loan notes 2012 for £320,000.
- Ends -
For further information, please contact:
|David Chestnutt, Chief Executive||Tel: + 44 (0) 151 706 0626|
|Seymour Pierce Limited|
|Nicola Marrin / Christopher Wren||Tel: + 44 (0) 20 7107 8047|
|Henry Harrison-Topham / Stephanie Cuthbert||Tel: +44 (0) 20 7398 7718|
Notes to editors:
Proventec manages a complementary portfolio of integrated businesses that specialise in hygienic solutions and preventative coatings technologies. Headquartered in Liverpool, UK, the Company operates in global markets, pioneering developments within the healthcare, food manufacturing, hospitality industries, transportation, construction, and other sectors. Companies in Proventec's portfolio include:
|OspreyDeepClean||The world's leading provider of low pressure, chemical-free, specialist dry saturated steam cleaning technology.
|Contico Manufacturing||Provider of general cleaning products and janitorial equipment and supplies.
|Frank||Manufacturer and distributer of automated cleaning systems and products including portable high pressure washers, self-service vehicle wash stations and dry steamers.
|CryoJet||Provider of a specialised, industrial cleaning service, utilising steam and proprietary dry-ice technology.
|Magma Firestop||Develops a wide range fire retardant coatings, for the treatment of building and thatching materials.
|InnoShield Systems||Develops transparent coatings protecting against UV rays and corrosion.
Proventec Healthcare provides innovative solutions for infection control and effective cleaning in the healthcare sector. The Company's specialist steam cleaning technology has been successfully proven in clinical trials with University College London Hospitals to rid all areas and combat the spread of micro-organisms, including 'superbugs' such as MRSA and Clostridium difficile. The Company has developed specialist, patented tooling, which has been designed to be used within hospitals on a daily basis and enable the user to clean difficult to reach areas including mattresses, bed frames and curtains without the use of antimicrobial chemicals that may contribute to microbial resistance.
The Company joined the AIM Market in June 2002 and was dual listed on Alternext in May 2008. For further information please visit www.proventecplc.comInformation réglementée
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