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RNS Number : 9190H

Summit Germany Limited

16 March 2018

This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.

Summit Germany Limited

(the "Company")

Debt repayment

16 March 2018

The Company announces that following receipt of the proceeds from its recent bond issue, it has repaid existing debt facilities totalling c. EUR220 million, including a EUR19.5 million loan from Summit Real Estate Holdings Ltd.

The average interest rate of the repaid facilities was 3.62% p.a. versus 2.00% p.a. for the senior fixed rate notes issued pursuant to the bond. This should result in interest cost savings of c. EUR3.4 million p.a. for the Company.

For further information please contact:

 
Summit Germany Limited                 Tel: +44 (0) 1481 700 300 
Zohar Levy - Managing Director 
Itay Barlev (Braun) - Finance 
 Director 
 
Non-Executive Chairman                 Tel: +44 (0) 20 7451 7050 
Harry Hyman 
 
Carey Group, Company Secretary         Tel: +44 (0) 1481 700 300 
Sara Bourne 
 
Liberum Capital Limited, Nominated     Tel: +44 (0) 20 3100 2222 
 Adviser and Joint Broker 
Chris Clarke / Jill Li 
 
Cenkos Securities, Joint Broker        Tel: +44 (0) 20 7397 8900 
Mark Connelly 
Russell Kerr / Selwyn Jones (Broking)

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 16, 2018 03:00 ET (07:00 GMT)

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