REG - Netcall PLC - Final redemption of BGF loan note

NetcallAnnouncement

07/10/2022 14:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221007:nRSG2213Ca&default-theme=true

RNS Number : 2213C  Netcall PLC  07 October 2022

 

7 October 2022

 

NETCALL PLC

 

("Netcall" or the "Company")

 

Final redemption of BGF loan note

 

Netcall plc (AIM: NET), a leading provider of intelligent automation and
customer engagement software, is pleased to announce that it has today issued
an early redemption notice to redeem the final £2.9 million of its original
£7.0 million loan note held by BGF Nominees Limited (part of the BGF Group
Plc) (the "Loan Note").

 

Netcall made an initial £3.5 million repayment of the Loan Note on 9 November
2021 and a scheduled repayment of £0.6 million on 30 September 2022.  The
final redemption payment of £2.9 million resulting from the issue of the
early redemption notice will be paid on 14 October 2022 and the Company will
be debt-free from that date.

 

The Loan Note was issued by the Company to part fund the acquisition of
MatsSoft Limited in August 2017. The Loan Note had an annual interest rate of
8.5 per cent. and was repayable on or before 31 March 2025. Under the terms of
the Loan Note, Netcall were able to issue an early redemption notice at any
time after the four-year anniversary of the issue date of the Loan Note.
There is no additional interest cost resulting from the early redemption and
the repayment will reduce the annual interest costs of the Loan Note from
£0.3 million to £nil.

 

 

 

For further enquiries, please contact:

 Netcall plc                                                  Tel. +44 (0) 330 333 6100
 Henrik Bang, CEO
 Michael Jackson, Chairman
 James Ormondroyd, Group Finance Director

 Canaccord Genuity Limited (Nominated Adviser and Broker)     Tel. +44 (0) 20 7523 8000
 Simon Bridges / Andrew Potts

 Alma PR                                                      Tel. +44 (0) 20 3405 0205
 Hilary Buchanan / Caroline Forde / Matthew Young

 

About Netcall

Netcall's Liberty software platform with Intelligent Automation and Customer
Engagement solutions helps organisations transform their businesses faster and
more efficiently, empowering them to create a leaner, more customer-centric
organisation.

Netcall's customers span enterprise, healthcare and government sectors. These
include two-thirds of the NHS Acute Health Trusts and leading corporates
including Legal and General, Lloyds Banking Group, ITV and Nationwide Building
Society.

Prior to publication the information communicated in this announcement was
deemed by the Company to constitute inside information for the purposes of
article 7 of the Market Abuse Regulations (EU) No 596/2014 as amended by
regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations No
2019/310 ('MAR'). With the publication of this announcement, this information
is now considered to be in the public domain.

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  MSCFLFEFILLDIIF