Share Name Share Symbol Market Type Share ISIN Share Description
Uae Oil Services Plc LSE:UOS London Ordinary Share IM00BF5G7P11 ORD GBP1.00
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 550.00 0.00 0.00 0.00 0.00 0.00 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil Equipment Services & Distribution 0.0 -0.8 -1.1 - 6

UAE Oil Services PLC Loan Facility

24/06/2019 5:21pm

UK Regulatory (RNS & others)


Uae Oil Services (LSE:UOS)
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RNS Number : 2534D

UAE Oil Services PLC

24 June 2019

UAE Oil Services PLC

Loan Facility

UAE Oil Services plc (the "Company") is pleased to announce that on 24(th) June 2019 it signed a loan facility agreement with Blue Rock Investments LLC ("Blue Rock") (the "Facility").

The Facility is for a principal amount of GBP100,000 for a period of five years and carries a coupon of 5% per annum.

Khalifa Hasan Ali Saleh Al Hammadi, who owns 37.5% of the issued share capital of the Company, owns 50% of the issued share capital of Blue Rock. As a result, the Company entering into the Facility constitutes a material related party transaction under clause 7.3.8 of the Disclosure and Transparency Rules.

Enquiries:

 
UAE Oil Services plc    www.uaeoilservices.com 
Stephen Smedley        info@uaeoilservices.com 
 Nils Trulsvik 
 
WH Ireland Limited        ++44 (0)20 7220 1666 
James Joyce 
 James Sinclair-Ford 
 

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

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(END) Dow Jones Newswires

June 24, 2019 12:21 ET (16:21 GMT)

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