set to sign Bt111.5 mil deal

31 March 1994
LOXLEY SET TO SIGN BT111.5 MIL DEAL Loxley Plc (LOXLEY) reported that it will officially conclude a Bt111.5 million transaction to provide TV transmission equipment, under the "Harris" brandname, and a satellite signal receiver for Channel 5, at a signing ceremony scheduled for Mar 31, 1994. The company said it would take about 10 months to accomplish its commitments under the transaction. It expected to deliver the equipment in late 1994. The company said the profits it would earn from the deal would account for about 15% of the transaction price.