Further Loan Advance
July 19 2010 - 11:22AM
UK Regulatory
TIDMPNE
RNS Number : 5752P
Preston North End PLC
19 July 2010
Preston North End plc
("Preston North End" or the "Company")
Further Loan Advance
Further to the announcements made on 3 December 2008, 16 December 2008, 15
January 2009, 16 February 2009, 12 March 2009, 18 November 2009, 18 February
2010, 23 February 2010, 12 March 2010, 19 March 2010, 13 May 2010, 21 June 2010
and 13 July 2010 the Company announces that a further loan has been advanced to
the Company by Guild Ventures Limited. This loan is governed by the conditions
of the loan agreement made between (i) the Company and (ii) Guild Ventures
Limited dated 3rd December 2008.
In this instance, Guild Ventures has advanced GBP200,000 which will be used by
the Company towards meeting payments to HMRC in respect of PAYE tax deductions
and National Insurance.
The total amount to date that has been advanced to the Company by Guild Ventures
Limited now totals GBP14.56m, including accrued interest.
For further information please contact:
+------------------------------+------------------------------+
| Kevin Abbott, Preston North | Tel: 0844 856 1964 |
| End plc | |
+------------------------------+------------------------------+
| Katy Mitchell, WH Ireland | Tel: 0161 832 2174 |
| Limited | |
+------------------------------+------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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