ARO Arricano Real Estate

Amendment to Loan Agreement

Arricano Real Estate Plc (ARO)
Amendment to Loan Agreement

29-March-2021 / 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.

 

 

29 March 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.

PRIVATE JOINT-STOCK COMPANY "UKRPANGROUP", a subsidiary of Arricano, on 26 March 2021, entered into an amendment to the current USD 12.0 million loan agreement with TASCOMBANK JSC to decrease the interest rate from 9.75% to 8% per annum. The loan is repayable in June 2024.

 

Enquiries:

Arricano Real Estate plc                                Tel:

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.: 96533
EQS News ID: 1179400

 
End of Announcement EQS News Service

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EN
29/03/2021

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