KRM22 Amends Convertible Loan Facility with Largest Shareholder
Why we think this is neutral
The RNS announcement details an amendment to KRM22's convertible loan facility with its largest shareholder, Trading Technologies International, Inc. This is a routine financing update and does not contain any significant positive or negative information that would warrant a stronger sentiment score.
Key Points
- KRM22 has a £5.0m convertible loan facility with its largest shareholder, Trading Technologies International, Inc.
- The company has agreed to defer the interest payments due at the end of March 2025 to the end of April 2025
- This is to allow KRM22 and TT time to conclude negotiations on amending the terms of the facility
Summary
KRM22 plc (AIM: KRM), the technology and software investment company that focuses on risk management for capital markets, has announced that it has agreed with its largest shareholder, Trading Technologies International, Inc., to defer the interest payments due on their £5.0m convertible loan facility from the end of March 2025 to the end of April 2025. This is to allow the company and TT adequate time to conclude negotiations on amending the terms of the facility, which was originally entered into on 17 June 2023.