Dreamlines investment update

RNS Number : 0793C

Global Ports Holding PLC

13 June 2019

 

Global Ports Holding ("GPH")

Dreamlines investment update

Global Ports Holding ("GPH"), today announces that it has decided not to exercise its option to convert its €10m convertible loan note in Dreamlines GmbH ("Dreamlines"). The senior, secured loan is repayable by Dreamlines in quarterly instalments between February 2020 and May 2021 and is secured over certain of Dreamlines' bank accounts, receivables and intellectual property. The terms of the loan also contain certain indebtedness covenants.

CONTACT
For investor and analyst enquiries:		For media enquiries:
Global Ports Holding, Investor Relations		Brunswick Group LLP
Martin Brown, Investor Relations Director		Azadeh Varzi and Imran Jina
Telephone: [phone]		Telephone: [phone]
Email: [e-mail]		Email: [e-mail]

 

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