Last checked at 24 Jun 2019 17:21
UAE Oil Services PLC
Loan Facility
UAE Oil Services plc (the "Company") is pleased to announce that on 24th June 2019 it signed a loan facility agreement with Blue Rock Investments LLC ("Blue Rock") (the "Facility").
The Facility is for a principal amount of £100,000 for a period of five years and carries a coupon of 5% per annum.
Khalifa Hasan Ali Saleh Al Hammadi, who owns 37.5% of the issued share capital of the Company, owns 50% of the issued share capital of Blue Rock. As a result, the Company entering into the Facility constitutes a material related party transaction under clause 7.3.8 of the Disclosure and Transparency Rules.
Enquiries:
UAE Oil Services plc | www.uaeoilservices.com |
Stephen Smedley Nils Trulsvik | info@uaeoilservices.com |
WH Ireland Limited | ++44 (0)20 7220 1666 |
James Joyce James Sinclair-Ford |