Ukrproduct Group Ltd UKRPRODUCT GROUP and EBRD Loan (9078R)
March 14 2016 - 2:00AM
UK Regulatory
TIDMUKR
RNS Number : 9078R
Ukrproduct Group Ltd
14 March 2016
FOR IMMEDIATE RELEASE March 14, 2016
Statement re: UKRPRODUCT GROUP LIMITED AND European Bank for
Reconstruction and Development Loan ("EBRD")
Ukrproduct Group Limited (AIM: UKR), is one of the leading
Ukrainian producers and distributors of branded dairy foods and
beverages (kvass) announces that on March 10, 2016 it has made
another interest payment under the terms of its loan agreement with
the European Bank for Reconstruction and Development ("EBRD") dated
March 31, 2011 (the "Loan Agreement") and subsequent restructuring
terms.
EBRD and the Company are in the process of amending the Loan
Agreement based on the revised terms as announced on 15 December
2015.
For further information contact:
Ukrproduct Group Ltd
Jack Rowell, Non-Executive Chairman Tel: +380 44 232 9602
Sergey Evlanchik, Chief Executive www.ukrproduct.com
Officer
ZAI Corporate Finance Ltd.
Nominated Adviser and Broker Tel: +44 20 7060 2220
Richard Morrison, Irina Lomova www.zaicf.com
Ukrproduct Group Ltd is one of the leading Ukrainian producers
and distributors of branded dairy products and kvass, a traditional
fermented beverage. The Group's product portfolio includes
processed and hard cheese, packaged butter, skimmed milk powder
(SMP) and kvass. Ukrproduct has built a range of recognisable
product brands ("Our Dairyman", "People's Product", "Creamy
Valley", "Molendam", "Farmer's") that are well known and highly
regarded by consumers. The Group reported total assets of
approximately GBP 17.7 million as at December 31, 2014 and
consolidated revenues of approximately GBP 31.9 million for the
twelve months ended December 31, 2014. Ukrproduct's securities are
traded under the symbol "UKR" on AIM, a market operated by the
London Stock Exchange.
Some of the information in this press release may contain
projections or other forward-looking statements regarding future
events or the future financial performance of the Group. You can
identify forward looking statements by terms such as "expect,"
"believe," "anticipate," "estimate," "intend," "will," "could,"
"may" or "might" the negative of such terms or other similar
expressions. These statements are only predictions and they may
differ materially from the actual events or results. We do not
intend to update these statements to reflect events and
circumstances occurring after the date hereof or to reflect the
occurrence of unanticipated events. Many factors could cause the
actual results to differ materially from those contained in such
projections or forward-looking statements, including, among others,
general economic conditions, our competitive environment, risks
associated with operating in Ukraine, rapid technological and
market change in our industry, as well as many other risks
specifically related to the Group and its operations.
This information is provided by RNS
The company news service from the London Stock Exchange
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March 14, 2016 03:00 ET (07:00 GMT)