(“Angelfish” or “the Company”)
The Directors of Angelfish announce the following update on its investment in
Angelfish has now entered into an agreement to provide a secured revolving loan facility to Wallet Ads, the principal terms of which are as follows:
-- The facility is in the amount of £100,000 and can be drawn down in tranches on request subject to a minimum tranche size of £10,000. -- The loan is supported by a full fixed and floating debenture over the assets and undertaking of Wallet Ads. -- The loan is repayable no later than
31 January 2021. -- Interest accrues at the rate of 10% p.a. calculated on amounts drawn down on a daily basis and payable monthly in arrears. -- No interest is payable until Wallet Ads reaches monthly cash flow break even, with amounts accrued but unpaid to that point payable on or before repayment of the loan
This announcement contains information which, prior to its disclosure, was inside information for the purposes of Article 7 of EU Regulation 596/2014.
The directors of the Company take responsibility for this announcement.
NEX Exchange Corporate Adviser
The Company’s Ordinary Shares and Preference Shares are admitted to trading on the NEX Exchange Growth Market in