Infrastructure India plc Update on Financing and Annual Results (4108N)
08 August 2017 - 8:29PM
UK Regulatory
TIDMIIP TIDMTTM
RNS Number : 4108N
Infrastructure India plc
08 August 2017
8 August 2017
Infrastructure India plc
("IIP" or the "Company" or, together with its subsidiaries, the
"IIP Group")
Update on Financing and Annual Results
Infrastructure India plc, an AIM quoted infrastructure fund
investing directly into assets in India, announces that it is
continuing its discussions with GGIC, Ltd and is progressing its
discussions with other third party providers of finance in relation
to the provision of new funding which would enable the Company to
repay the US$17 million working capital loan facility provided by
GGIC, Ltd in April 2013 (repayable on 30 September 2017) and the
US$8 million bridging loan facility provided by Cedar Valley
Financial in June 2017 (repayable at the earlier of being demanded
by Cedar Valley Financial and 30 September 2017) as well as provide
additional working capital and construction capital to DLI and the
IIP Group's general working capital needs.
The Company has been preparing its annual results for
publication but will only be able to release these after the
financing arrangements under discussion have been successfully
concluded.
The Board will provide further updates, as appropriate, in due
course.
This announcement is inside information for the purposes of
Article 7 of Regulation 596/2014.
- Ends -
Enquiries:
Infrastructure India plc www.iiplc.com
Sonny Lulla Via Cubitt Consulting
Smith & Williamson Corporate Finance Limited
Nominated Adviser & Joint Broker
Azhic Basirov / Ben Jeynes +44 (0) 20 7131 4000
Nplus1 Singer Advisory LLP
Joint Broker
James Maxwell - Corporate Finance
James Waterlow - Investment Fund Sales +44 (0) 20 7496 3000
Cubitt Consulting Limited
Financial Public Relations
Simon Brocklebank-Fowler +44 (0) 20 7367 5100
This information is provided by RNS
The company news service from the London Stock Exchange
END
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