Ukrproduct Group Ltd Statement re EBRD Loan (6487N)
27 October 2016 - 11:27PM
UK Regulatory
TIDMUKR
RNS Number : 6487N
Ukrproduct Group Ltd
27 October 2016
FOR IMMEDIATE RELEASE October 27, 2016
STATEMENT RE: UKRPRODUCT GROUP LIMITED AND EUROPEAN BANK FOR
RECONSTRUCTION AND DEVELOPMENT LOAN ("EBRD")
Ukrproduct Group Limited (AIM: UKR), one of the leading
Ukrainian producers and distributors of branded dairy foods and
beverages (kvass) announces that, in connection with the amended
Loan Agreement with the European Bank for Reconstruction and
Development ("EBRD") announced on 30 June 2016, EBRD has issued a
Notice of Effectiveness confirming receipt, in a form satisfactory
to them, of all documents and evidences to give effect to the
amended Loan Agreement with an effective date of 24 October
2016.
For further information contact:
Ukrproduct Group Ltd
Jack Rowell, Non-Executive Chairman Tel: +380 44 232 9602
Alexander Slipchuk, Chief Executive www.ukrproduct.com
Officer
ZAI Corporate Finance Ltd.
Nominated Adviser and Broker Tel: +44 20 7060 2220
Peter Trevelyan-Clark, Jamie www.zaicf.com
Spotswood
This announcement contains inside information for the purposes
of Article 7 of EU Market Abuse Regulation 596/2014 .
Ukrproduct Group Ltd is one of the leading Ukrainian producers
and distributors of branded dairy products and kvass, a traditional
fermented beverage. The Group's product portfolio includes
processed and hard cheese, packaged butter, skimmed milk powder
(SMP) and kvass. Ukrproduct has built a range of recognisable
product brands ("Our Dairyman", "People's Product", "Creamy
Valley", "Molendam", "Farmer's") that are well known and highly
regarded by consumers. The Group reported total assets of
approximately GBP 13.8 million as at June 30, 2016 and consolidated
revenues of approximately GBP 8.2 million for the six months ended
June 30, 2016. Ukrproduct's securities are traded under the symbol
"UKR" on AIM, a market operated by the London Stock Exchange.
Some of the information in this press release may contain
projections or other forward-looking statements regarding future
events or the future financial performance of the Group. You can
identify forward looking statements by terms such as "expect,"
"believe," "anticipate," "estimate," "intend," "will," "could,"
"may" or "might" the negative of such terms or other similar
expressions. These statements are only predictions and they may
differ materially from the actual events or results. We do not
intend to update these statements to reflect events and
circumstances occurring after the date hereof or to reflect the
occurrence of unanticipated events. Many factors could cause the
actual results to differ materially from those contained in such
projections or forward-looking statements, including, among others,
general economic conditions, our competitive environment, risks
associated with operating in Ukraine, rapid technological and
market change in our industry, as well as many other risks
specifically related to the Group and its operations.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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