FMCD Ltd partially repay Convertible Loan

RNS Number : 2342E

Craven House Capital PLC

07 February 2018

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Craven House Capital Plc

("Craven House" or the "Company")

FMCD Ltd partially repay Convertible Loan

On the 3 October 2017, the Company announced that it had extended a $1,500,000 convertible loan (the "Loan") to FMCD Ltd ("FMCD"), a company specialising in the import, distribution and sale of lubricants and food products into Angola.

The Company announces today that FMCD has repaid $678,000 of the Loan. The remaining $822,000, which carries interest of 5 per cent. per annum, is due for repayment on 30 September 2018.

Further announcements will be made as appropriate.

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 For further information please contact:

Craven House Capital Plc Mark Pajak www.Cravenhousecapital.com	Tel:   [phone]
SI Capital Broker Nick Emerson www.sicapital.co.uk	Tel: [phone]
SPARK Advisory Partners Limited Nominated Adviser Matt Davis/Mark Brady www.Sparkadvisorypartners.com	Tel:   [phone]

About Craven House Capital:

Craven House Capital is a frontier and emerging market focused merchant bank seeking value oriented long term investments. Craven House invests in all segments of the capital structure in partnership with local entrepreneurs and the local business community. Craven House provides long term patient capital and is often involved in restructuring, expansion and turn around investments in crisis and transitioning economies.

 

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