ARO Arricano Real Estate Plc

 
 Arricano Real Estate Plc (ARO) 
Update on Loan Facility 
 
29-Jul-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. 
 
                                                                29 July 2020 
 
                          Arricano Real Estate Plc 
 
         (together with its subsidiaries "Arricano" or the "Group") 
 
                          Update on Loan Facility 
 
 Further to its announcement on 18 June 2020, Arricano (AIM: ARO), a leading 
  real estate developer and shopping mall operator in Ukraine, is pleased to 
   announce that on 29 July 2020 the Group entered into a new loan agreement 
 with Raiffeisen Bank Aval to refinance two loans with the same bank granted 
                                                        in 2015 and in 2019. 
 
                        The main terms of the loan agreement are as follows: 
 
                              * Loan facility amount: up to UAH 290 million; 
 
                                               * Repayment date: 31.12.2025. 
 
                                          * Interest rate: 13.25% per annum. 
 
                                                                  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.:   78847 
EQS News ID:    1105515 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

July 29, 2020 11:30 ET (15:30 GMT)

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