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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Green & Smart Holdings Plc | LSE:GSH | London | Ordinary Share | JE00BYTQ7945 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.85 | 2.70 | 3.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMGSH
RNS Number : 1613A
Green & Smart Holdings plc
24 May 2019
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
24 May 2019
Green & Smart Holdings plc
("Green & Smart" or "the Company")
Loan Agreement for GBP1.6 million
Green & Smart Holdings plc (AIM: GSH), a renewable energy company generating power from biogas captured through the treatment of palm oil mill effluent ("POME") in Malaysia, announces that it has entered into an agreement with Mr. Syed Nazim bin Syed Faisal, Finance Director of the Company, for a 12-month interest-free loan of GBP1.6 million (the "Loan Agreement"). The monies will be used by the Company for working capital purposes.
The re-payment of the loan is being guaranteed by Mr. Saravanan Rasaratnam and Mr. Navindran Balakrishnan, the Company's Chief Executive Officer and Chief Operations Officer respectively.
Mr. Syed Nazim bin Syed Faisal, Mr. Saravanan Rasaratnam and Mr. Navindran Balakrishnan are all directors of the Company. The loan therefore constitutes a related party transaction under Rule 13 of the AIM Rules for Companies. The independent directors of the Company, being Datuk Haji Radzali bin Hassan and Mr. Aditya Chathli, consider, having consulted with Cantor Fitzgerald Europe, the Company's Nominated Adviser, that the terms of the Loan Agreement are fair and reasonable insofar as the Company's shareholders are concerned.
Enquiries
Green & Smart Holdings plc Saravanan Rasaratnam, Chief Executive Officer Navindran Balakrishnan, Chief Operations Officer +603 2095 0024 Cantor Fitzgerald Europe (Nominated Adviser and Broker) Phil Davies, Richard Salmond +44 20 7894 7000 Luther Pendragon (Financial PR) Claire Norbury, Alexis Gore, Rachel So +44 20 7618 9100
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
AGRUSRARKOAVUAR
(END) Dow Jones Newswires
May 24, 2019 07:06 ET (11:06 GMT)
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