Last checked at 27 Mar 2017 07:00
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