StockMarketWire.com - Business media and events company Bonhill said it had secured $1.1m of loans under the US government-backed paycheck protection program.

The loans or a portion of the loans may be forgivable if the proceeds were used for eligible purposes, including employee retention and payroll.

'The board currently expects that over two-thirds of the funds received under the PPP loan will be eligible for forgiveness, which will form a significant proportion of the company's previously announced £1m US payroll cost savings expected in 2020,' Bonhill said.


At 1:49pm: [LON:BONH] Bonhill Group Plc Ord 1p share price was +0.2p at 9.45p



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