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DJ Queros Capital Partners Plc Entering into a Loan Agreement

 
TIDMQCP 
 
3 June 2019 
 
                          Queros Capital Partners PLC 
 
                          ("Queros" or "the Company") 
 
                        Entering into a Loan Agreement 
 
On the 6 December 2018 the Directors of Queros Capital Partners Plc (NEX: QCP), 
entered into a short-term loan agreement with CP Funding 1PLC (the "Loan") to 
raise GBP1,000,000 for the Company. 
 
The Loan has an interest rate of 7% per annum and is for a period of 12 months 
from the date of issue. 
 
The proceeds of this loan were used to grow the company's short-term bridging 
finance business. 
 
The Loan gives a preferential position to the lender on the Company's debts by 
the granting of a floating charge over all of its present and future book and 
other debts and monetary claims due or owing to the Company ("Book Debts") 
until the loan is repaid. 
 
The loan is due to be repaid on 26 November 2019. 
 
Due to the preferential nature of the Loan with its charge over the Company's 
Book Debts this should have been announced when the contract was entered into. 
 
Following the review of the audited accounts this oversight was noticed and the 
Company is now disclosing the Loan and the general terms. 
 
Neither this announcement nor the information contained herein constitutes an 
offer or solicitation by Queros Capital Partners Plc for the purchase or sale 
of any securities nor does it constitute a solicitation to any person in any 
jurisdiction where solicitation would be unlawful. 
 
The directors of Queros Capital Partners Plc accept responsibility for this 
announcement. 
 
COMPANY CONTACT DETAILS: 
 
Marcel Boom, Chief Executive Officer 
 
Queros Capital Partners Plc 
 
1 - 3 High Street 
 
Tettenhall 
 
Wolverhampton 
West Midlands 
England 
WV6 8QS 
 
Telephone: +44 1293 401 293 
 
http://www.queroscapitalpartners.com/ 
 
NEX EXCHANGE CORPORATE ADVISER: 
 
Alexander David Securities Limited 
 
David Scott - Corporate Finance 
 
James Dewhurst - Corporate Broking 
 
Telephone: +44 (0) 20 7448 9820 
 
http://www.ad-securities.com 
 
49 Queen Victoria Street, London EC4N 4SA 
 
 
 
END 
 

(END) Dow Jones Newswires

June 03, 2019 04:10 ET (08:10 GMT)