Announcement of Draw Down (7932L)
August 05 2011 - 3:00AM
UK Regulatory
TIDMSAPO
RNS Number : 7932L
South African Property Opps PLC
05 August 2011
5 August 2011
South African Property Opportunities Plc (the "Company")
Draw Down of Loan Facility with The Standard Bank of South
Africa Limited ("Standard Bank")
The Company today announces that it has drawn R25 million of the
group's secured term loan facility with Standard Bank. The loan
facility will be used for additional working capital during the
twelve month term and bears an interest of 1% per annum over
Standard Bank's prime lending rate, which today is 9% per annum.
The R28.9 million facility, including fees and interest, is
repayable on 31 July 2012.
For further information, please contact:
Paul Fincham
Matrix Corporate Capital LLP
+44 (0)20 3206 7175
Tim McCall/Lucinda Kemeny
MHP Communications
+44(0)20 3128 8100
This information is provided by RNS
The company news service from the London Stock Exchange
END
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