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CAPITAL FOR COLLEAGUES PLC - £50,000 Loan to MIA Solutions Ltd

July 17, 2014



Capital for Colleagues plc / EPIC: CFCP / Market: ISDX / Sector: Investment 18 July 2014CAPITAL FOR COLLEAGUES PLC (`Capital for Colleagues' or the `Company') 50,000 LOAN TO MIA SOLUTIONS LTD Capital for Colleagues, the ISDX-quoted investment vehicle focused on opportunities in the Employee Owned Business (`EOB') sector, is pleased to announce that is has invested 50,000 in MIA Solutions Ltd (`MIA') by way of a convertible secured loan (`the Loan'). MIA provides a cost effective accountancy service to small owner and employee managed businesses, ideally complementing Capital for Colleagues' strategy of supporting employee owned businesses and growth within the EOB sector. Overview * The Loan further strengthens and diversifies Capital for Colleagues' investment portfolio, which now consists of eight investments, underpinning the Company's strategy of becoming a leading entity within the growing EOB sector * Post-transaction, an Employee Benefit Trust will become a 25% shareholder in MIA; the proceeds of the Loan will be used by MIA for general working capital purposes * The loan is secured on the assets of MIA for a fixed term of 12 months and bears interest at the rate of 15% per annum * Capital for Colleagues has the option to convert the loan on or before its due date into participating preference equity in MIA John Eckersley, Chief Executive of Capital for Colleagues, said, "With a focus on working with small owner and employee owned businesses, strong growth fundamentals and a commitment to integrating employee ownership, MIA represents an excellent investment opportunity. This is our eighth investment, and further underpins our strategy of encouraging and delivering growth within the EOB sector. We look forward to supporting MIA in advancing its business." The Directors of the Company are responsible for the contents of this announcement. **ENDS** For further information please visit www.capitalforcolleagues.com or contact: CAPITAL FOR COLLEAGUES PLC 0161 233 4891 Richard Bailey, Chairman John Eckersley, Chief Executive PETERHOUSE CORPORATE FINANCE LIMITED 020 7469 0930 Mark AnwylDuncan Vasey ST BRIDES MEDIA & FINANCE LTD 020 7236 1177 Hugo de SalisCharlotte Heap Notes Capital for Colleagues is an investment company focused on the Employee Owned Business (EOB) sector. The Company has a clear strategy aimed at investing in established mainly UK-based EOBs as well as assisting companies which are looking to launch employee ownership schemes, providing the capital to help them achieve their objectives. Capital for Colleagues has a proven management team, with a wide network of contacts and affiliates, as well as established access to investment opportunities, enabling the Company to execute its strategy and identify and capitalise on EOB-focused investment opportunities.




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Source: PR Newswire (UK Disclosure)


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