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Share Name Share Symbol Market Type Share ISIN Share Description
Cambium Global Timberland Limited LSE:TREE London Ordinary Share JE00B1NNWQ21 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 6.00 5.50 6.50 6.00 6.00 6.00 1,475 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Forestry & Paper 0.0 -0.2 -1.1 - 4

Cambium Global Timberland Limited Loan Repayment

13/04/2021 7:00am

UK Regulatory (RNS & others)


Cambium Global Timberland (LSE:TREE)
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From Mar 2021 to Sep 2021

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TIDMTREE

RNS Number : 2084V

Cambium Global Timberland Limited

13 April 2021

Cambium Global Timberland Limited

(the "Company")

Repayment of Loan

As announced on 21 December 2017, the Company entered in to an unsecured loan facility agreement (the "Loan Agreement") with the Company's largest shareholder Peter Gyllenhammar AB ("PGAB"). The Company drew down GBP1,413,873.61 in order to enable the Group to remove outstanding mortgages over the Group's 3R Tocantins property without depleting existing cash balances. The interest rate was 6% for the first 12 months and thereafter 8%.

The Company is pleased to announce that it is has repaid all of the outstanding Loan and accrued interest amounting to GBP1,759,323.61 to PGAB. The source of the repayment funding was cash received from asset sales and the Company is now debt free.

For further enquiries please contact:

Chairman

Tony Gardner-Hillman

01534 486980

Broker and Nominated Adviser

W H Ireland

James Joyce / Darshan Patel

020 7220 1698

Administrator and Company Secretary

Praxis Fund Services (Jersey) Limited

01534 835831

Inside information

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via Regulatory Information Service this inside information is now considered to be in the public domain.

LEI: 213800YGRM8HG1S74M46

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END

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April 13, 2021 02:00 ET (06:00 GMT)

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