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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Industr. Multi | LSE:IMPT | London | Ordinary Share | IM00B4N9KC32 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 317.50 | 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
TIDMIMPT TIDMHSTN
RNS Number : 1332B
Industrial Multi Property Trust PLC
31 March 2017
INDUSTRIAL MULTI PROPERTY TRUST PLC (THE "COMPANY")
Update on loan facilities
The Company announces that it entered into a new unsecured loan facility agreement on 30 March 2017 under which Hansteen Holdings plc ("Hansteen") will provide an unsecured loan facility of up to GBP11,500,000 to the Company, with an interest rate of 10% per annum (the "Hansteen Loan Facility"). The term of the Hansteen Loan Facility expires on 5 December 2018 and there are no prepayment or exit fees on an early repayment of the facility and no arrangement fees. The terms of the Hansteen Loan Facility are otherwise materially the same as the facility agreement entered into between the Company and Alpha Real Trust Limited dated 5 December 2013 (the "ART Loan Facility").
The proceeds of the Hansteen Loan Facility will be applied to fully repay the ART Loan Facility.
This announcement contains inside information.
For further information please contact:
Industrial Multi Property Trust plc
Philip Scales Tel: 01624 681250
Stockdale Securities Limited, Financial Adviser and Broker to Industrial Multi Property Trust
Robert Finlay Tel: 020 7601 6100
This information is provided by RNS
The company news service from the London Stock Exchange
END
STRQFLBXDXFLBBX
(END) Dow Jones Newswires
March 31, 2017 02:26 ET (06:26 GMT)
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