The software group is aiming to increase in borrowing powers to either £1.5mln or 20% of its adjusted capital and reserves, whichever is higher
() is convening a meeting on 10 December to increase its borrowing capabilities.
The software group is aiming to increase in borrowing powers to either £1.5mln or 20% of its adjusted capital and reserves, whichever is higher.
Crossword says the amendment, if approved, will allow it to enter into a three-year loan agreement for £1.27mln, which will include a £250,000 loan from its chief executive, Tom Ilube.
The loans will also have warrants attached allowing the holders to acquire shares up to around 10% of the value of their loans.
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