SeaEnergy extends loan facility

SeaEnergy, the Aberdeen-based offshore renewables company, has agreed a £500,000 extension to its £3.8 million loan facility as it continues to negotiate the sale of its main subsidiary.

The Aim-quoted company has also extended the terms of the facility to the end of March unless it has disposed of SeaEnergy Renewables by then.

The loan facility is provided by LC Master Capital Fund which is a major shareholder in the company. Shares closed down 2.5p at 22.5p.