MAP MG Capital

    RNS Number : 9641K
  MG Capital PLC
  31 December 2008
   

    31 December 2008

    MG Capital plc 
    ("MG Capital" or "the Company")

    Director Loan


    The Company announces that its Chairman, Mr. Peter Hannen, has agreed to lend to the Company the sum of �86,000 ("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. Mr
Hannen made a further loan of �10,000 to the Company on identical terms on 25 November 2008.

    With the exception of Mr Hannen, who is involved in the transactions as a related party, the directors of MG Capital consider, having
consulted with the Company's nominated adviser, that the terms of the transactions are fair and reasonable insofar as its shareholders are
concerned.

    - Ends -

    For further information, please contact:

 MG Capital plc
 Charles Fowler  Tel: +44 (0) 20 7332 2040

 Nominated Adviser:
 Grant Thornton UK LLP
 Gerry Beaney/Fiona Kindness  Tel: +44 (0) 20 7383 5100

                              



This information is provided by RNS
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