Last checked at 9 Feb 2018 07:00
09 February 2018
Ukrproduct Group Ltd
("Ukrproduct" or the "Company")
Repayment of OTP Bank Loan
Further to the announcement made on 07 February 2018, Ukrproduct is pleased to announce that it has drawn down UAH 32.3 million (the "Loan") under the terms of the loan agreement with PJSC "CREDITWEST BANK" (the "CreditWest Loan Agreement") in order to fully repay all amounts outstanding to OTP Bank. Accordingly, the Company has no outstanding liabilities to OTP Bank. The Loan is secured against certain real estate and property assets of the Company.
As a result of the abovementioned drawdown, there remains approximately UAH 32.7 million available to the Company under the terms of the CreditWest Loan Agreement.
For further information contact:
Ukrproduct Group Ltd | ||
Jack Rowell, Non-Executive Chairman | Tel: +380 44 232 9602 | |
Alexander Slipchuk, Chief Executive Officer
| www.ukrproduct.com | |
Strand Hanson Limited | ||
Nominated Adviser and Broker Rory Murphy, James Dance, Jack Botros | Tel: +44 20 7409 3494
| |
The 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").