Payment of Deferred Consideration


 

TIDMMAMA 
 
RNS Number : 7609C 
MAMA Group Plc 
19 November 2009 
 

 
 
 
 
MAMA Group Plc 
 
 
("MAMA", or "the Company") 
 
 
Payment of Deferred Consideration 
 
 
 
 
Further to MAMA's announcement of 14 January 2009 of its joint venture with HMV 
Group Plc ("HMV"), MAMA is pleased to announce that it has received further cash 
consideration of GBP4.5m from Mean Fiddler Group Limited ("MFG"). 
 
 
The cash consideration has been financed by new banking facilities entered into 
by MFG with Lloyds Banking Group ("Lloyds"). Lloyds has made available to MFG a 
debt facility of GBP9m. The balance of the facility (GBP4.5m) has been used to 
repay a debt left outstanding to HMV from MFG at the completion of the joint 
venture. 
 
 
End 
 
 
 
 
+-------------------------------------------+------------------------------+ 
| Adam Driscoll or Dean James, Co-Chief     |                              | 
| Executives                                |                              | 
+-------------------------------------------+------------------------------+ 
| MAMA Group Plc                            | 020 7688 9000                | 
+-------------------------------------------+------------------------------+ 
|                                           |                              | 
+-------------------------------------------+------------------------------+ 
| Mark Longson                              |                              | 
+-------------------------------------------+------------------------------+ 
| Square1 Consulting Limited                | 020 7929 5599                | 
+-------------------------------------------+------------------------------+ 
|                                           |                              | 
+-------------------------------------------+------------------------------+ 
| Dominic Morley                            |                              | 
+-------------------------------------------+------------------------------+ 
| Panmure Gordon                            | 020 7459 3600                | 
+-------------------------------------------+------------------------------+ 
 
 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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