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Dreamlines investment update

13 Jun 2019 07:00

RNS Number : 0793C
Global Ports Holding PLC
13 June 2019
 

Global Ports Holding ("GPH")

Dreamlines investment update

Global Ports Holding ("GPH"), today announces that it has decided not to exercise its option to convert its €10m convertible loan note in Dreamlines GmbH ("Dreamlines"). The senior, secured loan is repayable by Dreamlines in quarterly instalments between February 2020 and May 2021 and is secured over certain of Dreamlines' bank accounts, receivables and intellectual property. The terms of the loan also contain certain indebtedness covenants.

 

 

CONTACT

 

 

For investor and analyst enquiries:

 

For media enquiries:

Global Ports Holding, Investor Relations

 

Brunswick Group LLP

Martin Brown, Investor Relations Director

 

Azadeh Varzi and Imran Jina

Telephone: +44 (0) 7947 163 687

 

Telephone: +44 (0) 20 7404 5959

Email: martinb@globalportsholding.com

 

Email: GPH@brunswickgroup.com

 

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