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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Arricano Real Estate Plc | LSE:ARO | London | Ordinary Share | CY0102941610 | ORD EUR0.0005 (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.25 | 0.15 | 0.35 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Dow Jones received a payment from EQS/DGAP to publish this press release.
Arricano Real Estate Plc (ARO) Arricano Real Estate Plc: New Loan Facility 21-Feb-2019 / 11:00 GMT/BST Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. Arricano Real Estate Plc ("Arricano" or the "Group") New Loan Facility The Board of Arricano (AIM: ARO) is delighted to announce that Arricano's wholly owned subsidiary Prisma Alfa LLC yesterday entered into a new UAH140 million (cUSD5.15 million) loan facility with Raiffeisen Bank Aval JSC ("Raiffeisen"). The facility, which expires on 31 December 2023 and incurs interest at 20.55% per annum, in addition to an initial set up fee of 0.5%, will be used to finance in part the construction of the Lukynavika shopping and entertainment centre in the Shevchenkivski district of Kyiv. The facility is secured, ahead of the first drawdown, by a mortgage over the Group's City Mall Shopping and Entertainment Centre ("City Mall"), and will be secured by a pledge of property rights arising out of the lease agreements entered into with lessees of City Mall and a guarantee to be granted by Arricano. The Lukynavika shopping and entertainment centre is intended to consist of a shopping and leisure centre including, inter alia, a hypermarket, shops and shopping galleries, a leisure and entertainment area, a food court, restaurants and a service area. Mykhailo Merkulov, CEO of Arricano, said: "The Board of Arricano is delighted to be working in partnership with Raiffeisen on this highly prestigious development in Kyiv." For further information, please contact: Arricano Real Estate plc Tel: +38 044 594 9471 Mykhailo Merkulov Nominated Adviser and Broker: Tel: +44 (0)20 7220 1666 WH Ireland Limited Chris Fielding Financial PR: Tel: +44 (0)20 3151 7008 Novella Communications Limited Tim Robertson/Toby Andrews ISIN: CY0102941610 Category Code: MSCL TIDM: ARO LEI Code: 213800F8AMPULEKXFX22 Sequence No.: 7579 EQS News ID: 779661 End of Announcement EQS News Service
(END) Dow Jones Newswires
February 21, 2019 06:01 ET (11:01 GMT)
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