-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PY78oMne/F3e6GXoFpvbmtfu8ClJMm1UwA+9+0wysnGeSe2r6GpwLtgXNuNCIKQV Tbu5IQawxKitBzFLpp9h5Q== 0001104659-08-022711.txt : 20080407 0001104659-08-022711.hdr.sgml : 20080407 20080407060206 ACCESSION NUMBER: 0001104659-08-022711 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080402 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20080407 DATE AS OF CHANGE: 20080407 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MGT CAPITAL INVESTMENTS INC CENTRAL INDEX KEY: 0001001601 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 133758042 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32698 FILM NUMBER: 08741731 BUSINESS ADDRESS: STREET 1: KENSINGTON CENTRE STREET 2: 66 HAMMERSMITH ROAD CITY: LONDON STATE: X0 ZIP: W14 8UD BUSINESS PHONE: 011 44 207 605 7950 MAIL ADDRESS: STREET 1: KENSINGTON CENTRE STREET 2: 66 HAMMERSMITH ROAD CITY: LONDON STATE: X0 ZIP: W14 8UD FORMER COMPANY: FORMER CONFORMED NAME: MEDICSIGHT INC DATE OF NAME CHANGE: 20021113 FORMER COMPANY: FORMER CONFORMED NAME: HTTP TECHNOLOGY INC DATE OF NAME CHANGE: 20001016 FORMER COMPANY: FORMER CONFORMED NAME: INTERNET HOLDINGS INC DATE OF NAME CHANGE: 19980520 8-K 1 a08-10008_18k.htm 8-K

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported)   April 2, 2008

 

MGT Capital Investments, Inc.

(Exact name of registrant as specified in its charter)

 

 Delaware

 

0-26886

 

13-4148725

(State or other jurisdiction

 

(Commission

 

(IRS Employer

of incorporation)

 

File Number)

 

Identification No.)

 

 

 

 

 

 

 

 Kensington Centre, 66 Hammersmith Road,

London, United Kingdom

 

W14 8UD

(Address of principal executive offices)

 

(Zip Code)

 

 

Registrant’s telephone number, including area code   011-44-20-7605-1151

 

 

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

o

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

o

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 


 

 

Item 1.01.  Entry into a Material Definitive Agreement

 

On April 2, 2008, MGT Capital Investments Inc. (“the Company”) entered into a short term fully secured loan facility with its bankers, Bank Sarasin & Company Limited of Basel, Switzerland (“Bank Sarasin”) to borrow approximately $16,120,000 for a period lasting until April 28, 2008.  The period length was based on the maturing of certain Company capital deposits with Bank Sarasin.  The purpose of the short term loan facility is for payment of an off-market share buyback transaction approved by the Company’s Board of Directors on March 11, 2008.

 

Interest on the short term loan facility will be charged at a rate of 3.45% per annum, costing the Company approximately $5,000 (net of interest earned on the Company’s capital deposits) for the period from April 2, 2008 to April 28, 2008.  The capital and interest on the loan will be repaid on April 28, 2008 from the maturity of certain Company capital deposits with Bank Sarasin.

 

 

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SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

MGT CAPITAL INVESTMENTS, INC.

 

 

 

By:

/s/ TIM PATERSON-BROWN

 

Tim Paterson-Brown

 

Chairman and Chief Executive Officer

Date: April 4, 2008

 

 

 

 

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