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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Conygar Investment Company | 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% | 40.50 | 38.00 | 43.00 | 40.50 | 40.50 | 40.50 | 0.00 | 06:34:30 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMCIC
RNS Number : 6036T
Conygar Investment Company PLC(The)
16 November 2023
THE CONYGAR INVESTMENT COMPANY PLC
(THE "COMPANY")
NEW DEBT FACILITY
The Board is pleased to announce that a wholly owned subsidiary of the Company has entered into a new debt facility agreement with A.S.K. Partners Limited ("ASK") for a maximum of GBP12 million. The loan will be utilised by the Company to further progress certain plots at The Island Quarter site in Nottingham, in addition to the planning application for its potential acquisition site in Bristol.
The term of the loan is for a minimum of 2 years. The interest rate is calculated by reference to the Bank of England base rate plus a margin of 5.9% and is secured on part of The Island Quarter site in Nottingham.
Robert Ware, Chief Executive of the Company, commented:
"We are delighted to have secured the facility with ASK which now enables the further progression of both our substantial mixed-use projects at Nottingham and Bristol."
Enquiries:
The Conygar Investment Company PLC
Robert Ware / Freddie Jones / David Baldwin 020 7258 8670
Liberum Capital Limited (Nominated Adviser and Broker)
Richard Lindley / Jamie Richards 020 7183 1190
Temple Bar Advisory (Public Relations)
Alex Child-Villiers 07995 425580
Will Barker 07827 960151
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(END) Dow Jones Newswires
November 16, 2023 02:00 ET (07:00 GMT)
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