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PHU M&L Property

23.50
0.00 (0.00%)
16 Oct 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
M&L Property LSE:PHU London Ordinary Share GB00B0YMRZ51 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 23.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

M&L PROPERTY & ASSETS PLC - Asset Manager's Update - Loan Facility

21/12/2015 10:19am

PR Newswire (US)


Pactolus Hungarian Property (LSE:PHU)
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From Oct 2019 to Oct 2024

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Asset Manager's Update - Loan Facility                  

M&L Property & Assets Plc (the “Company” or “Group”)      

Loan Facility & Property Sales                   

Further to the Company's announcement on 5 October 2015, the Group has sold a further three properties at a sales price of €843,029 (after deducting all sales commission and tax).  The funds received from these sales (before deducting agency fees) were €43,159 less than the balance sheet value of these properties.

€284,492 of the sales proceeds have been applied against the loan to the Company from M & M Investment Company plc.

The loan owing to M & M Investment Company plc (and any associates) has now been repaid in full.

The Company's annualised income (including rent) is currently around €445,000.

For further information, please contact:

Asset Manager:

M & L Capital Management Limited

Tel: +44 (0) 20 7584 5733

Nominated Adviser:

Liam Murray/Jo Turner

Cairn Financial Advisers LLP

Tel: +44 (0) 20 7148 7900

Copyright r 21 PR Newswire

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