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 Arricano Real Estate Plc (ARO) 
Arricano Real Estate Plc: New Loan Facility 
 
21-Feb-2019 / 11:00 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. 
 
          Arricano Real Estate Plc 
 
          ("Arricano" or the "Group") 
 
          New Loan Facility 
 
   The Board of Arricano (AIM: ARO) is delighted to announce that Arricano's 
 wholly owned subsidiary Prisma Alfa LLC yesterday entered into a new UAH140 
      million (cUSD5.15 million) loan facility with Raiffeisen Bank Aval JSC 
                     ("Raiffeisen"). 
 
      The facility, which expires on 31 December 2023 and incurs interest at 
20.55% per annum, in addition to an initial set up fee of 0.5%, will be used 
          to finance in part the construction of the Lukynavika shopping and 
                entertainment centre in the Shevchenkivski district of Kyiv. 
 
The facility is secured, ahead of the first drawdown, by a mortgage over the 
 Group's City Mall Shopping and Entertainment Centre ("City Mall"), and will 
          be secured by a pledge of property rights arising out of the lease 
     agreements entered into with lessees of City Mall and a guarantee to be 
                     granted by Arricano. 
 
The Lukynavika shopping and entertainment centre is intended to consist of a 
 shopping and leisure centre including, inter alia, a hypermarket, shops and 
         shopping galleries, a leisure and entertainment area, a food court, 
                     restaurants and a service area. 
 
         Mykhailo Merkulov, CEO of Arricano, said: "The Board of Arricano is 
       delighted to be working in partnership with Raiffeisen on this highly 
                     prestigious development in Kyiv." 
 
For further information, please contact: 
 
Arricano Real Estate plc       Tel: +38 044 594 9471 
 
Mykhailo Merkulov 
 
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/Toby Andrews 
 
ISIN:          CY0102941610 
Category Code: MSCL 
TIDM:          ARO 
LEI Code:      213800F8AMPULEKXFX22 
Sequence No.:  7579 
EQS News ID:   779661 
 
End of Announcement EQS News Service

(END) Dow Jones Newswires

February 21, 2019 06:01 ET (11:01 GMT)

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