Corporate Update
July 24 2009 - 9:52AM
UK Regulatory
TIDMCLY
RNS Number : 2677W
Caplay PLC
24 July 2009
For immediate release
24 July 2009
Caplay Plc
("Caplay" or the "Company")
Corporate update
As announced on 19 June 2009, the Board of Caplay requested repayment of the
GBP200,000 loan which the Company made in 2008 to Textic Limited (the "Loan").
Subsequently, the Loan has not been repaid. Textic Limited was placed in
administration on 10 July 2009 and Caplay has been informed that on 21 July
2009, the administrator of Textic Limited concluded a sale of the business and
assets of Textic Limited to a third party for an undisclosed amount. The Board
of Caplay is currently in discussions with the administrator of Textic to
clarify what amount, if any, will be recoverable by Caplay under the terms of
the Loan it made to Textic.
A further announcement will be made in due course.
Enquires:
Caplay PLC Tel: 07887 877 877
Leo Knifton, Director
Nominated Advisor Tel: 0207 628 3396
Michael Cornish, Beaumont Cornish Limited
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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