EXP Expomedia Grp

    RNS Number : 6039A
  Expomedia Group PLC
  05 August 2008
   
    5 August 2008

    EXPOMEDIA GROUP PLC

    ("the Company")

    SHAREHOLDER LOAN


    The Board of Expomedia, the AIM quoted media group with interests in exhibitions, conferences, venue management and related publishing,
has entered into a loan agreement with Roger Shashoua, Non Executive Chairman, whereby he has agreed to provide a loan facility of up to
EUREUR2million to the Company. The loan will primarily be used to fund acquisitions by the Company in Russia and India. 

    The loan will carry interest at Barclays base rate plus 2% the same interest rate as that paid by the Company to banks who provide its
long term debt. The loan is unsecured and is repayable 12 months after drawdown. 

    Including this loan, Expomedia currently has term loan facilities totalling EUREUR13million of which EUREUR7.7million has been drawn to
date.

    The independent directors of the Company, having consulted with Charles Stanley Securities, the Company's nominated adviser, consider
that the terms of the loan are fair and reasonable insofar as shareholders are concerned. 

    --END--


    Enquiries: 

    Expomedia Group Plc                                                                                 Tel: 020 8386 0070 
    Mark Shashoua 

    Charles Stanley Securities                                                                         Tel: 020 7149 6000 
    Mark Taylor 
    Freddy Crossley 

    Bishopsgate Communications Ltd.                                                          Tel: 020 7562 3350
Maxine Barnes
Gemma O'Hara



This information is provided by RNS
The company news service from the London Stock Exchange
 
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