Diligent note receivable paid in full by Service Share Holding

Mon, 27 Aug 2012

By Hannah Lynch Aug. 28 (BusinessDesk) - Software company Diligent Board Member Services has received a cash payment plus interest for its US$3.2 million note receivable from Services Share Holding, ahead of the October deadline. The payment from Services Share Holding satisfies all the conditions of the note under the October 2007 Promissory Note and Security Agreement. Diligent will release the remaining shares pledged as security of the note to shareholders. "We are delighted to accept full payment and retire the Note in full ahead of t...

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