ARRICANO REAL ESTATE PLC (FRA:CY010294) Amendments to loan facilities
Transparency directive : regulatory news
|
Arricano Real Estate Plc (ARO)
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. 10 September 2020 Arricano Real Estate Plc ("Arricano" or the "Group") Amendments to loan facilities The Board of Arricano (AIM: ARO) is pleased to announce that it yesterday secured agreement to (i) repayment extensions (ii) coupon amendments and (iii) the capitalisation of accrued interest in respect of the following loan facility and deferred consideration agreements:
In addition, each provider of finance agreed to capitalise any future unpaid interest. The amendments to the loan agreements with RRE, which is interested in 55.04 per cent of the Company's issued share capital, represent related party transactions in accordance with AIM Rule 13. The Directors consider, having consulted with the Company's nominated adviser, that the amendments are fair and reasonable insofar as shareholders are concerned. For further information, please contact: Arricano Real Estate plc Tel: +357 25 582 535 Ganna Chubotina Nominated Adviser and Broker: WH Ireland Limited Chris Fielding Tel: +44 (0)20 7220 1666 Financial PR: Novella Communications Limited Tim Robertson/ Fergus Young Tel: +44 (0)20 3151 7008
|
| ISIN: | CY0102941610 |
| Category Code: | MSCM |
| TIDM: | ARO |
| LEI Code: | 213800F8AMPULEKXFX22 |
| OAM Categories: | 3.1. Additional regulated information required to be disclosed under the laws of a Member State |
| Sequence No.: | 83805 |
| EQS News ID: | 1129359 |
| End of Announcement | EQS News Service |
|
|