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Update on Loan Facilities

·1-min read

Arricano Real Estate Plc (ARO)
01-Oct-2020 / 16:30 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

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

 

01 October 2020 

Arricano Real Estate Plc

 

(together with its subsidiaries "Arricano")

 

Update on Loan Facilities

 

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 State Savings Bank of Ukraine.

LLC Comfort Market Luks, a subsidiary of the Company, which owns and operates the Kyiv Shopping Center "Prospekt" has now entered into an amendment to the current loan agreement with State Savings Bank of Ukraine to decrease the interest rate from 8.5% to 7.5% per annum.

Current principal outstanding under the loan agreement equals to USD 13,818,335.00.

 

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 

 

 


ISIN:

CY0102941610

Category Code:

MSCM

TIDM:

ARO

LEI Code:

213800F8AMPULEKXFX22

OAM Categories:

3.1. Additional regulated information required to be disclosed under the laws of a Member State

Sequence No.:

85287

EQS News ID:

1138413


 

End of Announcement

EQS News Service

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