Amphion Innovations plc announced that the Company has agreed to amend the terms under the loan facility (the "Facility") with the Company's debt provider ("the Lender") as originally announced on 5 June 2014 (the "Facility") and following the most recent amendment announced on 1 April 2019. The Lender has agreed to extend the maturity date of the Loan Facility to 30 September 2020. No other terms have been amended. The loan amount under the Facility will continue to be secured by the Company's pledge of 16,722,523 ordinary shares of Polarean Imaging plc ("Polarean"). Amphion has transferred the legal title of the total pledged shares in Polarean to the Lender, but retains the beneficial interest in the shares. Since the 10 September 2019 announcement, 400,000 ordinary shares of Polarean have been sold (the "Sale") for partial repayment of the Facility. Following this Sale, Amphion holds 16,722,523 ordinary shares of Polarean, representing 14.61% of the issued share capital. The Sale generated total proceeds of approximately USD 94,000, which will be applied to reduce the loan balance under the Facility. The loan balance outstanding is approximately USD 2.4 million. The current value of the remaining shares pledged as security for the outstanding loan is approximately USD 3.7 million at a share price of 18 pence.