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5 Mar 2026 13:00
Secure Property Development & Invest PLC/ Index: AIM / Epic: SPDI / Sector: Real Estate
5 March 2026
Secure Property Development & Investment PLC ('SPDI' or 'the Company')
Update on Loan Agreement
Secure Property Development and Investment PLC (AIM: SPDI), the South Eastern European focused property and investment company, announces, further to its announcement on 5 November 2025, that in line with the initial loan agreement as amended by the heads of terms dated 5 November 2025 with AdvEn Industries, SPDI extended the initial loan repayment date to 28 February 2026 and accordingly the capital amount repayable has increased to ?275,000.
As at today's date, AdvEn Industries has not repaid the loan. The Company remains in constructive discussions with AdvEn Industries on agreeing an amended repayment schedule which will also likely form part of an amended heads of terms between the parties. Notwithstanding the discussions on the amended repayment schedule, the Company reserves all rights in respect of enforcing its rights under the loan agreement
Further announcements are expected to be made shortly.
**ENDS**
For further information please visit www.secure-property.eu or contact:
Lambros Anagnostopoulos | SPDI | Tel: +357 22 030783 |
Rory Murphy Ritchie Balmer |
Strand Hanson Limited |
Tel: +44 (0) 20 7409 3494
|
Jon Belliss
|
AlbR Capital Limited
|
Tel: +44 (0) 20 7469 0930
|
Susie Geliher Will Turner | St Brides Partners Ltd | Tel: +44 (0) 20 7236 1177 |
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