Springfield Properties PLC

Capital/Financing Update • Aug 9, 2013

National Storage Mechanism | Additional information

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RNS Number : 3667L

Sperati(C.A.)(Special Agency)

09 August 2013

9 August 2013

C. A. Sperati (The Special Agency) PLC

("CAS" or the "Company")

Loan Agreement

CAS is pleased to announce that on 8 August 2013 it agreed the terms of an unsecured convertible £12,000 loan which has been made available to the Company by Teather & Greenwood Limited, a company which is wholly owned by Jason Drummond.  The loan, which will be used for general working capital purposes, has been made available to the Company on the following terms:

1.      it is repayable on 2 January 2015;

2.      no interest will be payable; and

3.      it is convertible, on the occurrence of certain events in connection with the growth strategy of the Company, at a value of £4 per ordinary share ("Ordinary Shares") of £0.50 each in the capital of the Company, equating to 3,000 Ordinary Shares.

Contacts:

Oliver Fattal, Chief Executive Officer, CAS - 0207 355 7071

Roland Cornish / Emily Staples, Beaumont Cornish Limited - 0207 628 3396

This information is provided by RNS

The company news service from the London Stock Exchange

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