Plexus Holdings PLC (AIM:POS) said the value of a loan arrangement with chief executive Ben van Bilderbeek and Plexus Property International (PPI) has been increased to £1 million from £700,000.
As repayment, van Bilderbeek and PPI will receive Plexus’ 49% stake in Kincardine Manufacturing Services, a precision engineering company.
Plexus said the money will be used to provide additional working capital while it follows up a pipeline of opportunities and potential orders.