Directors' Loan
August 13 2004 - 3:01AM
UK Regulatory
RNS Number:9294B
2 Travel Group PLC
13 August 2004
2 Travel Group plc
Directors' loan
The Board of 2 Travel Group plc (the "Company") announces that Huw Francis and
Nigel Short, both Directors of the Company, have provided the Company with an
unsecured loan of up to #937,000 for working capital purposes.
The loan has been made on condition that security will be granted to Mr Francis
and Mr Short over the Company's freehold property and depot at Upper Bank,
Swansea, and that they are given an option to acquire this site from the Company
on agreed terms. A further announcement will be made at the time that formal
agreement on the terms of security and the option have been reached.
Enquiries:
Graham Spooner Tel: 01275 463 690
This information is provided by RNS
The company news service from the London Stock Exchange
END
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