ARO Arricano Real Estate

Arricano Real Estate Plc: Update on Loan Facilities

Arricano Real Estate Plc (ARO)
Arricano Real Estate Plc: Update on Loan Facilities

21-Jul-2020 / 18:05 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.

 

21 July 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 10.5% to 8.5% per annum.

 

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.: 77137
EQS News ID: 1098865

 
End of Announcement EQS News Service

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EN
21/07/2020

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