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PHU M&L Property

23.50
0.00 (0.00%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
M&L Property LSE:PHU London Ordinary Share GB00B0YMRZ51 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 23.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

M&L PROPERTY & ASSETS PLC - Asset Manager's Update - Loan Facility

17/07/2015 1:49pm

PR Newswire (US)


Pactolus Hungarian Property (LSE:PHU)
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From May 2019 to May 2024

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M&L Property & Assets Plc                     

Asset Manager's Update - Loan Facility                    

M&L Property & Assets Plc (the 'Company' or "Group")          

Loan Facility & Property Sales                     

Further to the Company's announcement on 30 April 2015, the Group has sold a further three properties.   The funds received from these sales before agency fees were not materially less than the balance sheet value of these properties.

The debt owing to M&M Investment Company Plc (“MMIC”) has been reduced by a further €579,228 being the actual cash received (following all sales commission and tax). 

The balance now outstanding to MMIC is currently €897,064.

For further information, please contact:

Asset Manager:

Midas Investment Management Limited

Tel: +44 (0) 161 228 1709

Nominated Adviser:

Liam Murray/Jo Turner

Cairn Financial Advisers LLP

Tel: +44 (0) 20 7148 7900

Copyright y 17 PR Newswire

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