KRM22 Defers Loan Interest Repayment Amid Ongoing Negotiations

KRM22 ( (GB:KRM) ) has provided an update.

KRM22 plc has announced a deferral of an interest repayment date related to its £5.0m Convertible loan facility with its largest shareholder, Trading Technologies International, Inc. This amendment allows more time for both parties to negotiate the terms of the facility, with all other terms remaining unchanged. The deferral is considered a related party transaction due to TT’s substantial shareholding in KRM22. The independent directors have deemed the amended terms fair and reasonable for shareholders, and further announcements will follow upon conclusion of the negotiations.

More about KRM22

KRM22 is a closed-ended investment company listed on AIM since April 2018, focusing on technology and software investments, particularly in risk management for capital markets. The company aims to create value for investors by investing in and developing target companies within this sector. KRM22’s Global Risk Platform assists capital market companies in reducing the cost and complexity of risk management, optimizing systems and processes, and leveraging risk as a means to improve profitability and portfolio returns. Headquartered in London, KRM22 operates in several major financial centers worldwide.

Technical Sentiment Signal: Sell

Current Market Cap: $12.16M

Learn more about KRM stock on TipRanks’ Stock Analysis page.