Become a Member

Track your favourite stocks
Create & monitor portfolios
Daily portfolio value

Company	Chg	Chg %
Quickpicks
£	%
Add shares to your quickpicks to display them here!

Amendment to Loan Agreement

16th Apr 2021 12:00

RNS Number : 7503V

Arricano Real Estate PLC

16 April 2021

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

16 April 2021

Arricano Real Estate Plc

(together with its subsidiaries "Arricano")

Amendment to the loan agreement

Arricano (AIM: ARO), a leading real estate developer and shopping mall operator in Ukraine, is pleased to announce the following update relating to its current loan facility with the TASCOMBANK JSC.

PrJSC "LIVOBEREZHZHIAINVEST", a subsidiary of Arricano, on 15 April 2021, entered into an amendment to the current USD 20.0 million loan agreement with TASCOMBANK JSC to decrease the interest rate from 11.25% to 8.0% per annum. The loan is repayable in July 2023.

Enquiries:

Arricano Real Estate plc Tel: +357 25 582 535

Ganna Chubotina

Nominated Adviser and Broker: Tel: +44 (0)20 7220 1666

WH Ireland Limited

Chris Fielding

Financial PR: Tel: +44 (0)20 3151 7008

Novella Communications Limited

Tim Robertson/ Fergus Young

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

AGRMZGMDGVDGMZM

Related Shares:

FTSE 100 Latest

Value8,275.66

Change0.00