StockMarketWire.com - 1pm plc has negotiated an additional new block discounting facility totalling £1million. This additional funding would be used for the purpose of writing new business.
The loan terms were consistent with those of other funders to the Company.
In addition, 1pm said trading during the first quarter had been very encouraging, with sales achieved in each month surpassing expectations.
Story provided by StockMarketWire.com
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