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IN BRIEF: Conygar signs new two-year GBP12 million debt facility

16th Nov 2023 14:24

Conygar Investment Co PLC - London-based property investor and developer - Enters into new debt facility deal with ASK Partners Ltd for a maximum of GBP12 million with a minimum term of two years and an interest rate of Bank of England base rate plus a margin of 5.9%. Says it will be used to further progress certain plots at The Island Quarter site in Nottingham, alongside to the planning application for its potential acquisition site in Bristol. The loan is secured on part of The Island Quarter site.

Current stock price: 89.00 pence, up 1.1%

12-month change: down 23%

By Greg Rosenvinge, Alliance News senior reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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