China Food Company PLC Loan Note Rollover (1651A)
December 18 2014 - 5:40AM
UK Regulatory
TIDMCFC
RNS Number : 1651A
China Food Company PLC
18 December 2014
Press Release 18 December 2014
China Food Company Plc
("China Food", the "Group" or the "Company")
Loan Note extension
China Food Company Plc (AIM: CFC), a leading Chinese
manufacturer of cooking and dipping sauces, announces that it has
now agreed with the required majority of the loan note holders of
the GBP5.7 million of Convertible Loan Notes of GBP1,000 each
outstanding ("Loan Notes"), that the redemption date has been
extended to 31(st) January 2015, and subject to progress on the
disposal, the loan-note holders have agreed to extend the loan
notes for a further three months to 30(th) April 2015. All other
terms of the Loan Notes are unchanged.
As previously notified, the Company intends to redeem the Loan
Notes from the proceeds arising from the sale of either its
operating businesses. Without a sale of the operating businesses
the Company will not have sufficient funds to redeem the Loan
Notes.
- Ends -
For further information:
China Food Company Plc
John McLean, Chairman Tel: +44 (0) 7768 031 454
www.chinafoodcompany.com
finnCap
Geoff Nash Tel: +44 (0) 20 7220
0500
Numis Securities
David Poutney (Broker) Tel: +44 (0) 20 7260
1000
Media enquiries:
Abchurch Communications
Henry Harrison-Topham / Canace Wong Tel: +44 (0) 20 7398
7702
henry.ht@abchurch-group.com www.abchurch-group.com
This information is provided by RNS
The company news service from the London Stock Exchange
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