Repayment of OTP Bank Loan

RNS Number : 3761E

Ukrproduct Group Ltd

09 February 2018

 

                                                                                                                                                              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: [phone]
Alexander Slipchuk, Chief Executive Officer		www.ukrproduct.com
Strand Hanson Limited
Nominated Adviser and Broker Rory Murphy, James Dance, Jack Botros	Tel: [phone]

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").

 

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