Pactolus Hungarian Property PLC Asset Manager's Update - Loan Facility
April 30 2015 - 7:06AM
UK Regulatory
TIDMPHU
Pactolus Hungarian Property PLC
Asset Manager's Update - Loan Facility
Pactolus Hungarian Property plc (the 'Company' or "Group")
Loan Facility & Property Sale/s
Further to the Company's announcement on 2 March 2015, the Group has sold a
further property at a sales price of GBP187,300 (following all sales commission
and tax) and the sales proceeds have been applied against the loan to the
Company by M & M Investment Company plc.
The total loan now owing to M & M Investment Company plc (and any associates)
is now EUR1,415,688.
The Company's annualised rent roll is currently around EUR482,000.
For further information, please contact:
Asset Manager:
Midas Investment Management Limited
Tel: +44 (0) 161 228 1709
Nominated Adviser:
Liam Murray/Jo Turner
Cairn Financial Advisers LLP
Tel: +44 (0) 20 7148 7900
END
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