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IN BRIEF: Everest Global invests in wine retailer Precious Link

4th Jul 2023 13:50

Everest Global PLC - London-based investment company focused on African agricultural sector - Agrees to provide GBP200,000 loan to Middlesex, England-based wine retailer Precious Link (UK) Ltd. Loan is unsecured and attracts interest at 10% per annum, payable monthly in arrears; it is repayable on demand by Everest and on five business days' notice from Precious Link. Everest believes Precious Link's operations fit with its strategy and the loan can help Everest Global to expand its activities into the wider food and beverage sector.

Current stock price: 2.25 pence, suspended from trading on Tuesday

12-month change: down 99%

By Emma Curzon, Alliance News reporter

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