PNE Preston Nth.End

 

TIDMPNE 
 
RNS Number : 6016S 
Preston North End PLC 
13 September 2010 
 

                              Preston North End plc 
 
                     ("Preston North End" or the "Company") 
 
                                  Loan Advance 
 
The Company today announces that a loan of GBP650,000 has been advanced to the 
Company by Deepdale PNE Holdings Limited ("DPNE").  This loan is not currently 
governed by a loan agreement and is therefore repayable on demand.  However, the 
Company has agreed with DPNE that the loan will attract interest at a rate of 8% 
above one month LIBOR.  The interest will be added to the outstanding debt. 
 
The loan will be used by the Company towards meeting the cost of player's and 
staff wages due this month and also payments to HMRC in respect of PAYE tax 
deductions and National Insurance. 
 
For further information please contact: 
 
Kevin Abbott, Preston North End pl 
Tel: 0844 856 1964 
 
Katy Mitchell, WH Ireland Limited 
Tel: 0161 832 2174 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCEASNDFDAEEFF 
 

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