- 1PM said it has agreed a new funding line of up to £500,000 with non-executive director Ron Russell.

Russell holds 993.3 million shares in the company, or about 29.25%.

The facility is exclusively for the purpose of writing new lease contracts, 1PM said. It would be subject to an interest charge of 3% a year, and was repayable on demand.

"There is a 12 month limit on the availability of the Facility and no fees other than the interest charges apply."

At 9:03am: [LON:OPM] share price was +0.01p at 0.12p

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