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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Summit Germany | LSE:SMTG | London | Ordinary Share | GG00BJ4FZW09 | 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% | 1.185 | 1.18 | 1.19 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMSMTG
RNS Number : 1299F
Summit Germany Limited
16 February 2018
This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.
Summit Germany Limited
(the "Company")
Acquisition of Debt
16 February 2018
Summit Germany Limited, the AIM-listed German commercial property investment company, is pleased to announce that it has acquired a debt secured over Company's properties (the "Acquired Debt") from a current lender for a consideration of EUR12.2 million (the "Transaction"). The remaining term of the Acquired Debt is 6.3 years and the annual interest expenses are approximately EUR452k (3.7% p.a.), which will be payable to the Company following the Transaction.
For further information please contact:
Summit Germany Limited Tel: +44 (0) 1481 700 300 Zohar Levy - Managing Director Itay Barlev (Braun) - Finance Director Non-Executive Chairman Tel: +44 (0) 20 7451 7050 Harry Hyman Carey Group, Company Secretary Tel: +44 (0) 1481 700 300 Sara Bourne Liberum Capital Limited, Nominated Tel: +44 (0) 20 3100 2222 Adviser and Joint Broker Chris Clarke / Jill Li Cenkos Securities, Joint Broker Tel: +44 (0) 20 7397 8900 Mark Connelly Russell Kerr / Selwyn Jones (Broking)
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQGMGMZGVGGRZM
(END) Dow Jones Newswires
February 16, 2018 05:03 ET (10:03 GMT)
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