News blog


  • BY: Andrew Hore |
  • POSTED: 22/07/2013 |

Social internet games developer Zattikka has received a demand for interest owed to the Hattrick loan note holders.

The Zattikka share price slumped 4.5p to 2.5p, which values Zattikka at £553,000. Prior to the announcement of its financial difficulties the share price was 29p. Zattikka raised £9.5m net at 100p a share when it joined Aim on 16 April 2012.

If the interest of £275,000 is not paid by 2 August then the €6.4m loan becomes repayable in full two days later. Hattrick was one of Zattikka’s original acquisitions. Zattikka’s advisers have said that it should not pay the interest because of the danger of the company going into administration in the near future.

Zattikka continues to negotiate with all of its loan note holders in order to persuade them to reduce a substantial proportion of the company’s liabilities. There has been no consensus.

Matthew Le Merle recently resigned as a director.

Download the latest AIM Journal from

© 2023 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at Subscribe to AIM Micro RSS Feeds