Black Sea Property PLC Agreement (2797M)

TIDMBSP

RNS Number : 2797M

Black Sea Property PLC

20 May 2022

Black Sea Property

Lending agreed from Neo London Capital AD

RNS Number: 2797M

Black Sea Property PLC

19 May 2022

BLACK SEA PROPERTY PLC

("Black Sea Property" or the "Company")

Lending agreed

Black Sea Property PLC, the Bulgarian real estate investment company, is pleased to announce that it has agreed and entered into lending terms with its major shareholder Neo London Capital AD for deposits that may be required in relation to the exploration of future property development opportunities ("Funding").

Neo London Capital AD has agreed to lend the Company up to EUR2,500,000 in agreed allocated tranches for the exploration, which need to be utilised within agreed timescales. The Funding is un-secured and is for a term of 3 months from the date the funding is provided.

The Directors of the issuer accept responsibility for the contents of this announcement.

For further information, please visit www.blackseapropertyplc.com or contact the following:

 
 BLACK SEA PROPERTY PLC           simon.hudd@d3ainvestments.com 
  Simon Hudd - Chairman 
 PETERHOUSE CAPITAL LIMITED 
  AQSE Corporate Adviser 
  Mark Anwyl and Duncan Vasey              +44 (0) 207 469 0930

Market Abuse Regulation (MAR) Disclosure

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation EU 596/2014 as it forms part of retained EU law (as defined in the European Union (Withdrawal) Act 2018).

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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.

END

NEXFZGZKGGDGZZM

(END) Dow Jones Newswires

May 20, 2022 08:01 ET (12:01 GMT)

Black Sea Property (AQSE:BSP)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024