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Parkmead Group Extends GBP3 Million Loan To Partner By Two Years

26th Jul 2019 17:51

(Alliance News) - Oil and gas firm Parkmead Group PLC on Friday extended a GBP2.9 million loan to Energy Management Associates Ltd.

The loan, which has been extended two years, means Parkmead will continue to benefit from "an exclusive arrangement" to join EMA in new ventures. The loan retains interest of 2.5% per year, payable to Parkmead.

Shares ended up 1.9% on Friday at a price of 52.80 pence each.


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Parkmead
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