StockMarketWire.com - Live Company said it was negotiating a possible extension to a looming loan repayment deadline.

The company had in October 2018 agreed a £1.0m loan facility with YA II PN and Cuart Investments.

As of Friday, £704,250 of principal and interest remained outstanding.

The lenders had agreed to extend the November payment due under the facility to the 5 December final repayment date.

Live Company said discussions were ongoing to agree terms on an extension for the settlement to December 2020.

In the event that terms were not agreed, the lenders would have the right to convert the outstanding debt into new Live Company shares.


At 1:18pm: [LON:LVCG] Live Company Group Plc share price was -3p at 33p



Story provided by StockMarketWire.com