Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCaledonian Tst. Regulatory News (CNN)

Share Price Information for Caledonian Tst. (CNN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 125.00
Bid: 100.00
Ask: 150.00
Change: 0.00 (0.00%)
Spread: 50.00 (50.00%)
Open: 125.00
High: 125.00
Low: 125.00
Prev. Close: 125.00
CNN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Further loan from Leafrealm Limited

6 Apr 2018 17:18

RNS Number : 1812K
Caledonian Trust PLC
06 April 2018
 

Information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the publication of this announcement, this information is now considered to be in the public domain.

 

6 April 2018

Caledonian Trust plc

("Caledonian Trust" or the "Company")

Further loan from Leafrealm Limited

On 29 March 2018 the Company announced in its interim results that it was in discussions with Leafrealm Limited ("Leafrealm") in respect of additional loan funding of up to a further £100,000 on the same terms and conditions as previous loan arrangements with Leafrealm. Leafrealm is a company controlled by Douglas Lowe, Caledonian Trust's Chairman, Chief Executive and major shareholder.

 

The Company announces that on 6 April 2018 Leafrealm entered into an agreement with the Company whereby Leafrealm has agreed to provide an additional loan of £100,000 to the Company (the "Further Leafrealm Loan") on the same terms and conditions as the existing loan facility in place between the parties, details of which were announced on 1 July 2016.

 

The Further Leafrealm Loan will provide the Company with additional working capital and will provide funding for certain of Caledonian Trust's short-term development activities, pending the sale of two houses in Brunstane which are currently under offer as previously announced by the Company.

 

The Company has not currently drawn down any amounts under the Further Leafrealm Loan however the likelihood is that the Company will make an initial draw down under the Further Leafrealm Loan by 30 April 2018.

 

The Further Leafrealm Loan was agreed on the following key terms:

 

- The Further Leafrealm Loan carries an annual interest rate of 3% above the base rate of the Bank of Scotland from time to time (currently 0.5%). Interest shall be paid in quarterly instalments.

- Leafrealm has agreed to waive the margin element of the interest until further notice, resulting in the effective annual interest rate on the Further Leafrealm Loan being the base rate of the Bank of Scotland from time to time. Leafrealm will be entitled to re-instate the margin at any time;

- The Further Leafrealm Loan will not be convertible into new ordinary shares in the Company;

- The Further Leafrealm Loan can be repaid by the Company at any time and is repayable on demand by Leafrealm giving 12 months and 1 day's written notice requiring repayment;

- The Further Leafrealm Loan has no specific loan maturity date; and

- The Further Leafrealm Loan is unsecured.

 

The Further Leafrealm Loan is separate to the existing £360,000 loan facility (the "Brunstane Loan Facility"), also from Leafrealm, put in place to provide funding for the construction of two new semi-detached houses at Brunstane Road South, Edinburgh, Scotland, details of which were previously announced on 16 September 2016 and 17 February 2017. As at the date of this announcement, the Brunstane Loan Facility has been fully drawn down.

 

The aggregate amount that has been advanced by Leafrealm to the Company across various loan arrangements totals £4,290,000 as at the date of this announcement.

 

Enquiries:

 

 

Caledonian Trust plc

 

Douglas Lowe, Chairman and Chief Executive Officer

Tel: 0131 220 0416

Mike Baynham, Finance Director

Tel: 0131 220 0416

 

 

 

 

Allenby Capital Limited

(Nominated Adviser and Broker)

 

Nick Athanas

Alex Brearley

Tel: 0203 328 5656

 

 

 

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCQQLFBVZFFBBQ
Date   Source Headline
28th Mar 202412:02 pmRNSUnaudited interim results
23rd Feb 20243:03 pmRNSResult of annual general meeting
21st Dec 20234:03 pmRNSPublication of Annual Accounts and Notice of AGM
20th Dec 20234:12 pmRNSAudited Results for the year ended 30 June 2023
11th Oct 20237:00 amRNSUpdate on St Margaret's House and Leafrealm loan
31st Mar 20238:30 amRNSUnaudited interim results
24th Feb 20234:45 pmRNSResult of AGM
24th Feb 202310:00 amRNSAGM Statement
28th Dec 20223:07 pmRNSPublication of Annual Accounts and Notice of AGM
21st Dec 20223:26 pmRNSAudited Results for the year ended 30 June 2022
20th Jul 202210:52 amRNSFurther re change of Registered Office
15th Jul 20222:52 pmRNSChange of Registered Office
31st Mar 20221:56 pmRNSUnaudited interim results
25th Feb 20223:44 pmRNSResult of annual general meeting
23rd Dec 20212:02 pmRNSPublication of Annual Accounts and Notice of AGM
22nd Dec 20212:51 pmRNSAudited Results for the year ended 30 June 2021
1st Jul 20217:00 amRNSTermination of sale of St Margaret's House
8th Jun 20217:00 amRNSRepayment of loan facilities
28th Apr 20211:24 pmRNSCompletion of sale of Ardpatrick Estate
31st Mar 20212:23 pmRNSUnaudited interim results
25th Mar 202111:16 amRNSUpdate on proposed sale of Ardpatrick Estate
29th Jan 20214:15 pmRNSResult of annual general meeting
24th Dec 20207:00 amRNSPublication of Annual Accounts and Notice of AGM
23rd Dec 20207:00 amRNSAudited Results for the year ended 30 June 2020
16th Dec 20208:53 amRNSProposed sale of Ardpatrick Estate
30th Sep 20207:00 amRNSUpdate on proposed sale of St Margaret’s House
17th Jul 20208:51 amRNSUpdate on proposed sale of St Margaret’s House
14th Jul 202012:52 pmRNSFurther loan facility from Leafrealm Limited
20th Apr 20207:00 amRNSUpdate on proposed sale of St Margaret’s House
31st Mar 20202:31 pmRNSUnaudited interim results
21st Feb 20205:19 pmRNSResult of annual general meeting
20th Dec 20197:00 amRNSPublication of Annual Accounts and Notice of AGM
18th Dec 20197:00 amRNSAudited Results for the year ended 30 June 2019
23rd Aug 20194:20 pmRNSUpdate on proposed sale of St Margaret's House
24th May 20197:00 amRNSUpdate on proposed sale of St Margaret's House
28th Mar 20191:53 pmRNSUnaudited interim results
25th Feb 201911:38 amRNSResult of annual general meeting
27th Dec 20182:35 pmRNSPublication of Annual Accounts and Notice of AGM
21st Dec 20184:03 pmRNSFinal Results
3rd May 20187:00 amRNSSale of property and update on loan arrangements
6th Apr 20185:18 pmRNSFurther loan from Leafrealm Limited
29th Mar 20181:39 pmRNSUnaudited interim results
23rd Feb 20183:31 pmRNSResult of annual general meeting
5th Feb 20187:00 amRNSProposed sale of St Margaret's House, Edinburgh
28th Dec 201712:44 pmRNSPublication of Annual Accounts and Notice of AGM
22nd Dec 201712:57 pmRNSAudited Results for the year ended 30 June 2017
9th Nov 20171:14 pmRNSStatement re share price movement
28th Apr 20173:46 pmRNSFurther Leafrealm loan, related party transactions
30th Mar 20173:36 pmRNSHalf-year Report
17th Feb 20174:06 pmRNSUpdate on Brunstane development and further loan

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.