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Loan Facility

27 Mar 2017 07:00

RNS Number : 5388A
European Wealth Group Limited
27 March 2017
 

European Wealth Group Limited

("European Wealth", or the "Group")

Loan Facility

European Wealth (AIM: EWG, EWGL), the integrated wealth management group, announces that, further to the announcement on 10 February 2017, it has today entered in to a £720,000 12 month (the "Term") loan facility at an interest rate of 10 per cent. over the Term (the "Loan"). The full amount of the Loan can be paid back at any time during the Term at the discretion of the Company without incurring any early repayment charges. The Loan will be used to provide adequate working capital for the Company in the near term and will ensure that the Company can meet its obligations as they fall due.

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

For further details, please contact:

European Wealth Group Limited
Tel: +44 (0)20 7293 0733
John Morton
www.europeanwealth.com
finnCap Ltd (Nomad and Broker)
Tel: +44 (0)20 7220 0500
Jonny Franklin-Adams
Scott Mathieson

About European Wealth Group Limited

European Wealth Group Limited (AIM: EWG, EWGL) is the holding company for the integrated wealth management business, European Wealth Management Group Limited. Having commenced trading in 2010, European Wealth has two operating divisions, European Investment Management Limited ("EIM") and European Financial Planning Limited ("EFP"). Both are regulated by the FCA. EIM has opted for Restricted Adviser status and EFP for Independent Adviser status. Today the Group's head office is in London with an expanding network of offices both in the UK and continental Europe. Core services offered by the Group are financial planning, corporate pension advisory and investment management in both equity and fixed interest instruments. For further information on European Wealth's wealth management and financial planning services, please go to www.europeanwealth.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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