Green & Smart Holdings plc Arrangement of Debt Facility to Progress Work (3611D)
26 April 2017 - 4:05PM
UK Regulatory
TIDMGSH
RNS Number : 3611D
Green & Smart Holdings plc
26 April 2017
26 April 2017
Green & Smart Holdings plc
("Green & Smart" or "G&S" or "the Group")
Green & Smart Arranges Debt Facility to Progress Work on
Fully-Owned Biogas Plants
Green & Smart Holdings plc (AIM: GSH), a renewable energy
company generating power from biogas captured through the treatment
of palm oil mill effluent (POME) in Malaysia, is pleased to
announce that it has entered into a 12 month loan of approximately
RM1.41 million (GBP250,000) with a UK-based lender at an interest
rate of 1% per month. The monies will enable the Company to
primarily progress work on its portfolio of fully-owned biogas
projects such as Dupont & Leosk in Gemencheh, Negeri Sembilan
and Milik Mestika in Ledang, Johor.
Mr. Saravanan Rasaratnam, Group Managing Director of Green &
Smart, said: "We are pleased to have received further support from
the UK, as we continue to build and commission further projects.
With our fully-owned plants Kahang and Malpom generating revenue,
we are keen to continue to move our pipeline of projects forward to
ensure our mill operating partners are able to satisfy their
licencing obligations in terms of the responsible and
environmentally-friendly treatment of POME."
Enquiries
Green & Smart Holdings plc
Saravanan Rasaratnam, Managing
Director +44 20 7618 9100
Cantor Fitzgerald Europe (Nominated
Adviser and Broker)
Andrew Craig, Richard Salmond +44 20 7894 7000
Luther Pendragon Ltd
Harry Chathli, Claire Norbury,
Alexis Gore +44 20 7618 9100
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014. Upon the
publication of this announcement via a Regulatory Information
Service ("RIS"), this inside information is now considered to be in
the public domain.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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