12th Sep 2022 14:52
Cindrigo Holdings Ltd - Guernsey-based energy producer - Says all conditions for its subsidiary Cindrigo Geothermal Ltd's acquisition of a 90% interest in EES Dravacel energetika doo have now been satisfied and registered by the commercial court in Zagreb. Says Dravacel has also received a location permit for a project in Slatina, Croatia.
Enters a GBP1.4 million short-term loan agreement with its largest shareholder Danir AB. It is repayable on January 31, 2023. Plans to use it to capitalise Dravacel with EUR500,000 in accordance with its obligations under the agreement, to advance the pre-development work on its project.
In June, Cindrigo's subsidiary entered into a share purchase agreement to acquire 90% of Dravacel.
Current stock price: suspended
12-month change: unchanged
By Abby Amoakuh; [email protected]
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