Conclusion of Refinancing of Galleria Plovdiv AD
February 09 2010 - 2:00AM
UK Regulatory
TIDMECDC
RNS Number : 8551G
European Convergence Develop. CoPLC
09 February 2010
9 February 2010
EUROPEAN CONVERGENCE DEVELOPMENT COMPANY PLC
("ECDC" OR "THE COMPANY")
Conclusion of Refinancing of Galleria Plovdiv AD
European Convergence Development Company PLC ("ECDC" or the "Company") announces
that, further to the announcement of 20 July 2009, it has successfully concluded
refinancing negotiations with the joint venture partner and the financing bank
of its Bulgarian joint venture associate, Galleria Plovdiv AD.
The new financing agreement requires no additional capital contributions by the
Company above those previously announced, and there are no material changes to
the debt terms. The new agreement is expected to take the project to completion
and opening, scheduled for the end of March, 2010.
Enquiries:
+---------------------------------+-----------+
| European Convergence | +44 |
| Development Company plc | (0)1624 |
| | 640200 |
+---------------------------------+-----------+
| Anderson Whamond | |
+---------------------------------+-----------+
| | |
+---------------------------------+-----------+
| Charlemagne Capital | +44 |
| | (0)207 |
| | 518 2100 |
+---------------------------------+-----------+
| Michael Russell / Christopher | |
| Fitzwilliam Lay | |
+---------------------------------+-----------+
| | |
+---------------------------------+-----------+
| Galileo Fund Services Limited | +44 |
| | (0)1624 |
| | 692600 |
+---------------------------------+-----------+
| Ian Dungate, Company Secretary | |
+---------------------------------+-----------+
| | |
+---------------------------------+-----------+
| Panmure Gordon & Co. Limited | 44 (0)20 |
| | 7459 3600 |
+---------------------------------+-----------+
| Hugh Morgan | |
+---------------------------------+-----------+
| Stuart Gledhill | |
+---------------------------------+-----------+
| | |
+---------------------------------+-----------+
| Smithfield Consultants | +44 (0)20 |
| | 7360 4900 |
+---------------------------------+-----------+
| John Kiely | |
+---------------------------------+-----------+
| Gemma Froggatt | |
+---------------------------------+-----------+
Website: www.europeanconvergencedevelopment.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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