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WPHO Windar Photonics Plc

48.50
1.50 (3.19%)
25 Apr 2024 - Closed
Delayed by 15 minutes
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

Windar Photonics PLC Extension of Vaekstfonden loan (4180R)

29/06/2020 2:59pm

UK Regulatory


Windar Photonics (LSE:WPHO)
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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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