This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
16 April 2021
Arricano Real Estate Plc
(together with its subsidiaries "Arricano")
Amendment to the loan agreement
Arricano (AIM: ARO), a leading real estate developer and shopping mall operator in Ukraine, is pleased to announce the following update relating to its current loan facility with the TASCOMBANK JSC.
PrJSC "LIVOBEREZHZHIAINVEST", a subsidiary of Arricano, on 15 April 2021, entered into an amendment to the current USD 20.0 million loan agreement with TASCOMBANK JSC to decrease the interest rate from 11.25% to 8.0% per annum. The loan is repayable in July 2023.
Enquiries:
Arricano Real Estate plc Tel: +357 25 582 535
Ganna Chubotina
Nominated Adviser and Broker: Tel: +44 (0)20 7220 1666
WH Ireland Limited
Chris Fielding
Financial PR: Tel: +44 (0)20 3151 7008
Novella Communications Limited
Tim Robertson/ Fergus Young
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
