DJ Angelfish Investments Plc Further Loan Agreement

 
TIDMANGP 
 
6 October 2016 
 
                   Angelfish Investments Plc (the "Company") 
 
                            Further Loan Agreement 
 
Angelfish Investments plc announces that, on 5 October 2016, it extended the 
existing loans totalling GBP427,500 ("Existing Loans") to 4 Navitas (Green Energy 
Solutions) Limited ("4Navitas") by a further GBP70,000 (the "Additional Loan"). 
The Additional Loan is repayable on 31 December 2016 and the Company has also 
agreed to extend the repayment date for the Existing Loans to 31 December 2016. 
The Existing Loan and Additional Loan bear a rate of interest of 12 per cent 
per annum, payable monthly in arrears and are secured over a floating charge 
over the assets of 4Navitas. 
 
4Navitas is an engineering company based in Lancashire, UK that specialises in 
renewable energy technology.  4Navitas has designed and developed new 
technology to manufacture a vertical axis wind turbine ("VAWT"), with 11 
patents pending, in partnership with SIEMENS AG.  The 4Navitas VAWT has 
significant advantages over traditional horizontal wind turbines; specifically 
its smaller size, mobility, ease of installation and lower cost makes it an 
ideal energy solution in a number of circumstances. 
 
4Navitas will be utilising the Additional Loan funding to purchase composite 
components in order to progress the manufacture of the uprated 4N-VAWT for 
resale. 
 
Andrew Flitcroft, Finance Director of Angelfish, commented: "The directors of 
Angelfish are pleased to be able to provide 4Navitas with the funding required 
to roll out the manufacture of the 4N-VAWT and look forward to assisting in the 
development of the 4Navitas business." 
 
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. 
 
                                   --ENDS-- 
 
Enquiries: 
 
Angelfish Investments Plc             +44 (0)7769 591096 
Andrew Flitcroft 
Finance Director 
 
Cairn Financial Advisers LLP          +44 (0)207 148 7900 
ISDX Corporate Adviser 
David Coffman/ Richard Nash 
 
SVS Securities Plc                    +44 (0)203 700 0100 
Broker 
Kulvir Virk 
 
About Angelfish Investments plc 
 
The Company's Ordinary Shares are admitted to trading on the ISDX Growth Market 
in London. The Company has the ISDX trading symbol ANGP for its ordinary shares 
and the ISDX trading symbol ANGS for its preferences shares. 
 
 
 
END 
 

(END) Dow Jones Newswires

October 06, 2016 02:00 ET (06:00 GMT)