Premier Veterinary sources loan from company controlled by director

Writer, Stock Market Wire
Tuesday, January 29, 2019 - 09:42

Premier Veterinary Group said it entered into a secured loan of £3.9m with Bybrook Finance Solutions, a company controlled by director Rajan Uppal. The loan was repayable on 25 April 2019, with an option to extend the repayment date to 25 January 2021 by issuing warrants.

As part of the consideration for the loan, Premier had granted an exclusive, royalty-free licence in perpetuity to Bybrook for applications of its technology outside of Premier's area of strategic focus.

Interest of 1% per month was payable by Premier to Bybrook at the end of each calendar month.

At 9:42am: (LON:PVG) Premier Veterinary Group PLC share price was -7p at 35.5p


Related content

Premier Veterinary Group secures new contract

Premier Veterinary Group has, through its wholly-owned subsidiary Premier Vet Alliance Limited (PVA), signed a new two-year contract with Medivet to support The Medivet Healthcare...

Fri, 05/07/2019 - 07:50


Premier Veterinary books first-half loss as expenses offset rising sales

Preventative animal healthcare provider Premier Veterinary Group booked a first-half loss, as a rise in revenue was more than offset by administrative expenses.

Pre-tax losses...

Fri, 28/06/2019 - 09:18


Premier Veterinary grows number of pets on its health plan by 30%

Premier Veterinary Group said the number of pets signed up to its preventative healthcare plan had risen 30% in year through March.

The company's recurring...

Wed, 27/03/2019 - 07:39


Premier Veterinary forecasts annual loss as US growth disappoints

Pet insurance company Premier Veterinary Group said it to post an annual loss, even as revenue roe 24%, as growth in the US and UK...

Wed, 24/10/2018 - 07:54


Premier Veterinary Group CFO Will Evans to stand down

Premier Veterinary Group said chief financial officer Will Evans would leave at the end of November to take up an opportunity elsewhere.

The company said...

Wed, 22/08/2018 - 09:28