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.
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