REG - Dillistone Group PLC - Related party loan

DillistoneAnnouncement

04/06/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250604:nRSD2870La&default-theme=true

RNS Number : 2870L  Dillistone Group PLC  04 June 2025

 

04 June 2025

 

                                       Dillistone Group
Plc

                              ("Dillistone", the "Company" or
the "Group")
Related party loan

 

The Group is pleased to announce that it has agreed to raise a further
GBP120,000 pursuant to a loan agreement ("Loan", "Loan Agreement",
"Fundraising").

 

The Board considers the Fundraising to be a prudent course of action in case
the Group's markets continue to be challenging for an extended period. The
proceeds from the Loan will therefore be used to provide the Group with
additional working capital.

 

The Loan Agreement, which will be drawn down fully when required by the
Company, will be provided by Yuriko Starr, the wife of the Group CEO.

 

The Loan is unsecured and ranks behind the Company's other existing debt in
terms of capital repayments. The Loan carries an interest coupon of 10.85
percent pa over the term of 48 months. Interest will be payable quarterly in
arrears and will be satisfied in cash. Capital and interest may be paid in
full or in part at the discretion of the Company at any time during the term
of the loan.

 

The issue of the Loan Agreement constitutes a related party transaction under
AIM Rule 13. The independent Directors of the Company, having consulted with
Zeus Capital Limited, the Company's nominated adviser, consider that the terms
of the Loan Agreement are fair and reasonable insofar as Dillistone
shareholders are concerned.

 

 

Enquiries:

 

 Dillistone Group Plc
 Giles Fearnley                  Chairman                    01256 297 000
 Jason Starr                     Chief Executive Officer
 Ian Mackin                      Finance Director

 Zeus (Nominated adviser and Broker)
 Mike Coe                        Director,                    020 3829 5000

                                 Investment Banking

 

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

 

Notes to Editors:

 

Dillistone Group Plc is a leader in the supply and support of software and
services to the recruitment industry. Dillistone operates through the Ikiru
People (www.IkiruPeople.com (https://www.ikirupeople.com/) ) brand.

 

The Group develops, markets and supports the Talentis, FileFinder, Infinity,
Mid-Office, ISV and GatedTalent products.

 

Dillistone was admitted to AIM, a market operated by the London Stock Exchange
plc, in June 2006.

 

Learn about our products:

Talentis Software:
https://www.talentis.global/recruitment-software/
(https://www.talentis.global/recruitment-software/)

Voyager Software:
https://www.voyagersoftware.com (https://www.voyagersoftware.com)

Online Timesheets:
            https://www.voyagersoftware.com/online-timesheets/
(https://www.voyagersoftware.com/online-timesheets/)

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  IODUPUQGQUPAGQW