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Repayment of Bank Debt

17th Mar 2005 15:31

Britannic Global Income Trust PLC17 March 2005 BRITANNIC GLOBAL INCOME TRUST PLC 17 March 2005 Announcement begins The Company announces that it has today repaid a further £2,500,000 of the bankloan with Bank of Scotland (''the Bank'') together with associated breakagecosts of £64,414 and outstanding interest to the loan repayment date of £30,419.The Company now has bank debt of £7,500,000. The Company has agreed with the Bank that the remaining bank debt will be repaidin the following instalments;- £2,500,000 by 20 June 2005£2,500,000 by 20 September 2005£2,500,000 on 20 November 2005. Enquiries Britannic Asset Management Press Office0141 222 8225/6 Announcement ends This information is provided by RNS The company news service from the London Stock Exchange

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