LONDON (Thomson Financial) - Interactive Prospect Targeting Holdings Plc. said it has entered into agreements that amend the terms of IPTH Group's existing secured loan of 6.5 million euros with Barclays Bank Plc.

The company said there is a prohibition on payment of dividends by IPTH until the loan is repaid in full.

It said the loan is to be repaid in four equal instalments from October 2009 to April 2011 and a re-scheduling fee of 10 percent of the loan is to be added to the principal loan and is payable in October 2011.

The loan and re-scheduling fee incur an interest rate of 5 percent over Euro Libor, reducing to 2.5 percent over Euro Libor once 3.25 million euros principal has been repaid.

The company said the bank will receive warrants to subscribe at par up to a maximum of 3 million IPTH shares, exercisable any time before March 31, 2012. TFN.newsdesk@thomson.com ans/slm

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