TOU Touch Grp

TIDMTOU

RNS Number : 9642O

Touch Group PLC

26 September 2011

TOUCH GROUP PLC

('Touch Group' or 'the Company')

Related Party Loan

The Company announces that in June 2011 Mr Vincent Isaacs Executive Chairman made available to the Company an unsecured loan of GBP215,000 to be used for working capital purposes. The loan, which has been drawn down in full, has an interest charge of 3.25 per cent per annum.

The loan provided by Mr Isaacs and the interest payable thereon is classified as a related party transaction. The independent directors considered the loan to be in the best interests of the Company and shareholders as a whole. Having subsequently consulted with the Company's nominated adviser, the independent directors are of the view that the terms of the loan were fair and reasonable insofar as its shareholders are concerned.

Enquiries

For further information please contact:

Touch Group plc

Vincent Isaacs

Executive Chairman Tel: 0207 452 5222

Shore Capital and Corporate Ltd.

Anita Ghanekar

Edward Mansfield Tel: 0207 408 4090

This information is provided by RNS

The company news service from the London Stock Exchange

END

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