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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Windar Photonics Plc | LSE:WPHO | London | Ordinary Share | GB00BTFR4F17 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.50 | 3.19% | 48.50 | 47.00 | 50.00 | 49.50 | 45.00 | 45.00 | 210,252 | 15:56:42 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Meas & Controlling Dev, Nec | 1.85M | -1.08M | -0.0192 | -25.26 | 27.14M |
TIDMWPHO
RNS Number : 4180R
Windar Photonics PLC
29 June 2020
29 June 2020
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
Windar Photonics plc
("Windar" or the "Company")
Extension of Vaekstfonden loan
Windar Photonics plc (AIM:WPHO), the technology group that has developed a cost efficient and innovative LiDAR wind sensor for use on electricity generating wind turbines, is pleased to announce that it has renegotiated the terms of its Growth Fund borrowing from the Danish public institution, Vaekstfonden.
The Vaekstfonden loan of 4 million Danish Krone was originally obtained in 2011 and carried interest at a rate of 12 per cent. The borrowing was structured as a bullet loan maturing in June 2020.
The total Vaekstfonden borrowings (including rolled up interest) is 9.9 million Danish Krone (approx. EUR1.3 million). The Vaekstfonden loan has been extended with quarterly repayments commencing April 2021 with the loan being fully repayable by April 2025. The interest rate is now 7 per cent. rather than the previous 12 per cent. Windar has also given a pledge for 4 million Danish Krone (approx. EUR 0.5 million) pursuant to the loan extension.
For further information:
Windar Photonics plc Martin Rambusch, General Manager +45 21689476 Cantor Fitzgerald Europe Nominated Adviser and Broker David Foreman +44 (0)20 7894 7000
About Windar:
Windar Photonics is a technology group that develops cost-efficient and innovative Light Detection and Ranging ("LiDAR") optimisation systems for use on electricity generating wind turbines. LiDAR wind sensors in general are designed to remotely measure wind speed and direction.
http://investor.windarphotonics.com
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
MSCUKVORRBUNUAR
(END) Dow Jones Newswires
June 29, 2020 09:59 ET (13:59 GMT)
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