TIDMIIP TIDMTTM

RNS Number : 4108N

Infrastructure India plc

08 August 2017

8 August 2017

Infrastructure India plc

("IIP" or the "Company" or, together with its subsidiaries, the "IIP Group")

Update on Financing and Annual Results

Infrastructure India plc, an AIM quoted infrastructure fund investing directly into assets in India, announces that it is continuing its discussions with GGIC, Ltd and is progressing its discussions with other third party providers of finance in relation to the provision of new funding which would enable the Company to repay the US$17 million working capital loan facility provided by GGIC, Ltd in April 2013 (repayable on 30 September 2017) and the US$8 million bridging loan facility provided by Cedar Valley Financial in June 2017 (repayable at the earlier of being demanded by Cedar Valley Financial and 30 September 2017) as well as provide additional working capital and construction capital to DLI and the IIP Group's general working capital needs.

The Company has been preparing its annual results for publication but will only be able to release these after the financing arrangements under discussion have been successfully concluded.

The Board will provide further updates, as appropriate, in due course.

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

- Ends -

Enquiries:

 
  Infrastructure India plc                                  www.iiplc.com 
   Sonny Lulla                                      Via Cubitt Consulting 
 
 
  Smith & Williamson Corporate Finance Limited 
   Nominated Adviser & Joint Broker 
   Azhic Basirov / Ben Jeynes                        +44 (0) 20 7131 4000 
 
  Nplus1 Singer Advisory LLP 
   Joint Broker 
   James Maxwell - Corporate Finance 
   James Waterlow - Investment Fund Sales            +44 (0) 20 7496 3000 
 
 
  Cubitt Consulting Limited 
   Financial Public Relations 
   Simon Brocklebank-Fowler                          +44 (0) 20 7367 5100

This information is provided by RNS

The company news service from the London Stock Exchange

END

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August 08, 2017 06:29 ET (10:29 GMT)

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