Arricano Real Estate PLC Amendment to Loan Agreement (7503V)
16 April 2021 - 09:00PM
UK Regulatory
TIDMARO
RNS Number : 7503V
Arricano Real Estate PLC
16 April 2021
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
1 6 April 2021
Arricano Real Estate Plc
(together with its subsidiaries "Arricano")
Amendment to the loan agreement
Arricano (AIM: ARO), a leading real estate developer and
shopping mall operator in Ukraine, is pleased to announce the
following update relating to its current loan facility with the
TASCOMBANK JSC.
PrJSC "LIVOBEREZHZHIAINVEST", a subsidiary of Arricano, on 15
April 2021, entered into an amendment to the current USD 20.0
million loan agreement with TASCOMBANK JSC to decrease the interest
rate from 11.25% to 8 .0 % per annum. The loan is repayable in July
2023.
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
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END
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