Brief: Jaywing Says Entities Related To 2 Major Shareholders Bought Co's 5.2 Mln Stg Loan Facility

Jaywing

02/10/2019 07:44

Oct 2 (Reuters) - Jaywing PLC  JWNG.L :
    * FURTHER RE. TRADING UPDATE & RELATED PARTY
    * ENTITIES ASSOCIATED WITH TWO OF ITS MAJOR SHAREHOLDERS
HAVE
ACQUIRED CO'S EXISTING SECURED LOAN FACILITY OF £5.2M OWED TO
BARCLAYS BANK
    * MAJOR SHAREHOLDERS IMMEDIATELY PROVIDED CO WITH ADDITIONAL
SECURED FACILITIES BY INCREASING JAYWING FACILITY BY £3M TO
£8.2M
    * ADDITIONAL SECURED ENABLED CO TO REPAY ITS OUTSTANDING
OVERDRAFT
AND PROVIDE IT WITH ADDITIONAL WORKING CAPITAL

Source text for Eikon:  ID:nRSB4270Oa 
Further company coverage:  JWNG.L 

 ((Reuters.Briefs@thomsonreuters.com;))