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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Argo Real Est. | LSE:AREO | London | Ordinary Share | GB00B17PFQ50 | ORD EUR0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.02 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMAREO
RNS Number : 9241Y
Argo Real Estate Opportunities Fd
31 January 2014
31 January 2014
Argo Real Estate Opportunities Fund Limited
("AREOF" or "the Company")
Statement Re: Proton Facility
On 3 December 2013, AREOF announced that it was in negotiations with Proton Bank ("Proton" or "the Bank") regarding a restructuring of its EUR29.2m loan ("Proton Loan" or "the Facility") to the Company. AREOF had hoped to have completed a restructuring of the Proton Loan by 31 January 2014. Negotiations with Proton are ongoing and while this remains the case the Company expects any enforcement action available to the Bank under the terms of the Facility to remain suspended. AREOF will update the market on the status of the Proton restructuring when appropriate.
Enquiries:
Argo Real Estate Opportunities Fund Limited David Clark, Chairman +44 (0)1481 231100 finnCap Limited (Nominated Adviser) Matthew Robinson Henrik Persson +44 (0) 207 220 0500
This information is provided by RNS
The company news service from the London Stock Exchange
END
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