MAP MG Capital

    RNS Number : 8730G
  MG Capital PLC
  28 October 2008
   

    28 October 2008
    MG CAPITAL plc
    Loan Agreement
    The Company announces that its Chairman, Mr. Peter Hannen, has agreed to lend to the Company the sum of �30,000 ("the Loan"). The Loan
is unsecured and the Company may elect to repay the Loan or part of it at any time. The principal amount of the Loan outstanding from time
to time will carry interest at the rate of 6 per cent per annum. The Loan is repayable on receipt of one month's notice from the lender.
    With the exception of Mr Hannen, who is involved in the transaction as a related party, the directors of MG Capital consider, having
consulted with the Company's nominated adviser, that the terms of the transaction are fair and reasonable insofar as its shareholders are
concerned.

    Enquiries: 

     Charles Fowler, MG Capital plc                       020 7332 2040 


    Hugh Oram, Nabarro Wells & Co. Limited        020 7634 4705 



This information is provided by RNS
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