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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Bmr Group | LSE:BMR | London | Ordinary Share | GB00BWV0F181 | ORD GBP0.01 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.90 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMBMR
RNS Number : 4296G
BMR Group PLC
26 May 2017
BMR Group PLC ("BMR" or the "Company")
ACI Drawdown Update
Further to its announcement on 21 May 2017, BMR announces that it has not yet received its first drawdown, of $900,000, under its project construction and trade finance facility with African Compass International Limited ("ACI"). However, the Directors remain confident that the drawdowns will be forthcoming following further assurances given by ACI and its funding partner to Jeremy Hawke (a Director of the Company).
As previously reported, BMR needs funds in the immediate future. It is therefore continuing to look for alternative sources of finance and is considering various conditional proposals to meet its requirements for the rest of the calendar year.
A further announcement will be made when further information is available.
This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.
For further information:
BMR Group PLC 020 7734 7282
Alex Borrelli, CEO and Chairman
WH Ireland Limited 020 7220 1666
NOMAD and Joint Broker
Chris Fielding, Head of Corporate Finance
Peterhouse Corporate Finance 020 7469 0930
Joint Broker
Lucy Williams/ Duncan Vasey/ Heena Karani
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCOKADKPBKDOPB
(END) Dow Jones Newswires
May 26, 2017 11:15 ET (15:15 GMT)
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