Summit Germany Limited Acquisition of Debt (1299F)

TIDMSMTG

RNS Number : 1299F

Summit Germany Limited

16 February 2018

This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.

Summit Germany Limited

(the "Company")

Acquisition of Debt

16 February 2018

Summit Germany Limited, the AIM-listed German commercial property investment company, is pleased to announce that it has acquired a debt secured over Company's properties (the "Acquired Debt") from a current lender for a consideration of EUR12.2 million (the "Transaction"). The remaining term of the Acquired Debt is 6.3 years and the annual interest expenses are approximately EUR452k (3.7% p.a.), which will be payable to the Company following the Transaction.

For further information please contact:

 
Summit Germany Limited                 Tel: +44 (0) 1481 700 300 
Zohar Levy - Managing Director 
Itay Barlev (Braun) - Finance 
 Director 
 
Non-Executive Chairman                 Tel: +44 (0) 20 7451 7050 
Harry Hyman 
 
Carey Group, Company Secretary         Tel: +44 (0) 1481 700 300 
Sara Bourne 
 
Liberum Capital Limited, Nominated     Tel: +44 (0) 20 3100 2222 
 Adviser and Joint Broker 
Chris Clarke / Jill Li 
 
Cenkos Securities, Joint Broker        Tel: +44 (0) 20 7397 8900 
Mark Connelly 
Russell Kerr / Selwyn Jones (Broking)

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 16, 2018 05:03 ET (10:03 GMT)

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