REG - Conygar Investmnt Co - New Debt Facility

Conygar Investment CoAnnouncement

16/11/2023 07:00

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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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