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IN BRIEF: Norman Broadbent repays half of convertible loan note

ALN

Norman Broadbent PLC - London-based recruitment firm - Repays half of the proceeds of its convertible loan note, amounting to about £200,000 plus interest. The convertible loan note was issued in May 2022. Adds that it has been able to repay it, as a result of ‘its consistently strong trading performance.’ The company aims to repay the balance before the second anniversary of the issue of the convertible loan note.

Current stock price: 4.74 pence

12-month change: down 27%

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