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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Conygar Investment Company Plc | AQSE:CIC.GB | Aquis Stock Exchange | Ordinary Share | GB0033698720 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 85.00 | 80.00 | 90.00 | 85.00 | 85.00 | 85.00 | 0.00 | 06:57:51 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMCIC
RNS Number : 0247R
Conygar Investment Company PLC(The)
06 December 2016
The Conygar Investment Company PLC
6 December 2016
THE CONYGAR INVESTMENT COMPANY PLC
NEW DEBT FACILITY
The Conygar Investment Company PLC ("Conygar" or the "Company"), the property investment and development group, announces that it has completed a new five year GBP21.4 million loan with HSBC Bank PLC ("HSBC") secured on seven group properties.
The loan replaces the previous facility with Barclays Bank PLC ("Barclays") which was secured upon six of the seven assets referred to above and the outstanding balance of GBP8.3 million was repaid in October 2016. The Barclays loan had an interest cost of 3.5% margin plus 3 month LIBOR.
Robert Ware, Chief Executive of Conygar commented:
"We are pleased to secure the refinancing of this portfolio which has released an additional GBP13 million to enable Conygar to pursue new investment and development opportunities. We believe that this financing deal is a competitive one and we look forward to working with HSBC in the coming years."
David Phythian, HSBC Head of Corporate Real Estate in London, said:
"I am delighted that HSBC has had the opportunity to support Conygar with the financing they need for the next stage of their growth strategy. I look forward to working with them closely as they continue to grow and achieve their business goals."
Enquiries:
The Conygar Investment Company PLC
Robert Ware/Ross McCaskill: 020 7258 8670
Liberum Capital Limited (Nominated Adviser and Broker)
Richard Bootle: 020 3100 2222
Temple Bar Advisory (Public Relations)
Alex Child-Villiers: 07795 425580
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
December 06, 2016 02:00 ET (07:00 GMT)
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