LONDON (Thomson Financial) - Eagle Eye Telematics Plc. said it is in discussions relating to the renewal of loan facilities and the conversion of other loans into equity.

The integrated telematics technologies provider said it is not aware of any other reason for the increase in its share price.

At 12.11 p.m. Eagle Eye shares were up 1.3 pence, or 91 percent, at 2.875.

The company said it will issue its results for the year to Nov. 30, 2007 by May 30. tf.TFN-Europe_newsdesk@thomsonreuters.com jjo/bsu/ak

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