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SerVision secures shareholder loan to augment working capital

Published: 18:01 25 Feb 2016 AEDT

Pound-sterling-currency-(Resized)
The loan carries an annual interest rate of 6%

Gabriel Sassoon, a SerVision (LON:SEV) shareholder, has made an unsecured loan of $1mln to the digital video security systems company to provide additional working capital.

The loan carries an annual interest rate of 6% and is repayable by 15 February, 2019.

SerVision said it has the ability to repay the loan on a monthly basis throughout the term of the loan.

Sassoon has almost 19mln shares in SerVision, equivalent to 15% of the issued share capital.

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