Update on Loan Facilities (1138413)

 
 Arricano Real Estate Plc (ARO) 
Update on Loan Facilities 
 
01-Oct-2020 / 16:30 GMT/BST 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
This announcement contains inside information for the purposes of Article 7 
of EU Regulation 596/2014. 
 
                                                             01 October 2020 
 
                          Arricano Real Estate Plc 
 
                (together with its subsidiaries "Arricano") 
 
                         Update on Loan Facilities 
 
      Arricano (AIM: ARO), a leading real estate developer and shopping mall 
operator in Ukraine, is pleased to announce the following update relating to 
           its current loan facility with the State Savings Bank of Ukraine. 
 
        LLC Comfort Market Luks, a subsidiary of the Company, which owns and 
        operates the Kyiv Shopping Center "Prospekt" has now entered into an 
  amendment to the current loan agreement with State Savings Bank of Ukraine 
                  to decrease the interest rate from 8.5% to 7.5% per annum. 
 
        Current principal outstanding under the loan agreement equals to USD 
                                                              13,818,335.00. 
 
                                                                  Enquiries: 
 
                               Arricano Real Estate plc Tel: +357 25 582 535 
 
                                                             Ganna Chubotina 
 
                      Nominated Adviser and Broker: Tel: +44 (0)20 7220 1666 
 
                                                          WH Ireland Limited 
 
                                                              Chris Fielding 
 
                                      Financial PR: Tel: +44 (0)20 3151 7008 
 
                                              Novella Communications Limited 
 
                                                 Tim Robertson/ Fergus Young 
 
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.:   85287 
EQS News ID:    1138413 
 
End of Announcement EQS News Service

(END) Dow Jones Newswires

October 01, 2020 11:30 ET (15:30 GMT)

Arricano Real Estate (LSE:ARO)
Historical Stock Chart
From Mar 2024 to Apr 2024