Source - LSE Regulatory
RNS Number : 6036T
Conygar Investment Company PLC(The)
16 November 2023
 

THE CONYGAR INVESTMENT COMPANY PLC

(THE "COMPANY")

 

NEW DEBT FACILITY

 

 

 

The Board is pleased to announce that a wholly owned subsidiary of the Company has entered into a new debt facility agreement with A.S.K. Partners Limited ("ASK") for a maximum of £12 million.  The loan will be utilised by the Company to further progress certain plots at The Island Quarter site in Nottingham, in addition to the planning application for its potential acquisition site in Bristol.

 

The term of the loan is for a minimum of 2 years.  The interest rate is calculated by reference to the Bank of England base rate plus a margin of 5.9% and is secured on part of The Island Quarter site in Nottingham.

 

Robert Ware, Chief Executive of the Company, commented:

 

"We are delighted to have secured the facility with ASK which now enables the further progression of both our substantial mixed-use projects at Nottingham and Bristol."

 

 

Enquiries:

 

The Conygar Investment Company PLC

Robert Ware / Freddie Jones / David Baldwin                                  020 7258 8670

 

 

Liberum Capital Limited (Nominated Adviser and Broker)

Richard Lindley / Jamie Richards                                                      020 7183 1190

 

 

Temple Bar Advisory (Public Relations)

Alex Child-Villiers                                                                              07995 425580

Will Barker                                                                                         07827 960151

 

 

 

 

 

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