By Ian Walker
Shares of Plexus Holdings rose as much as 17% on Monday after the company said it has agreed to 700,000 pounds ($866,810) worth of loans from Chief Executive Ben van Bilderbeek and his family, which will enable the company to capitalize on its growing pipeline of opportunities and potential orders.
Shares at 1239 GMT were up 2.15 pence, or 14%, at 17.0 pence having peaked at 17.40 pence earlier in the session.
The oil-and-gas engineering company has agreed to a GBP200,000 loan with Bilderbeek and a further loan with OFM Limited, a company controlled by the van Bilderbeek family and related trusts.
The loans carry interest at 8% a year and the balance, plus any interest accrued, is repayable after 12 months.
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