Brief: Ediston Property Investment Transfers Its Debt Facilities To Ediston Capital

Ediston Property Investment

05/01/2024 15:30

Jan 5 (Reuters) - Ediston Property Investment Company
PLC  EPICE.L :
    * RELATED PARTY TRANSACTION
    * COMPANY HAS SUCCESSFULLY TRANSFERRED ITS DEBT FACILITIES
TO
EDISTON CAPITAL LIMITED
    * IN EVENT, INSUFFICIENT NET INCOME GENERATED, TRANSFER
COSTS NOT
SETTLED IN FULL, EDISTON WILL PAY CO'S TRANSFER COSTS
    * UNCONDITIONALLY RELEASED FROM ALL OBLIGATIONS UNDER ITS
EXISTING
FACILITIES AGREEMENT PURSUANT TO TRANSFER
    * FUNDS RECEIVED WILL BE DISTRIBUTED BY CO'S LIQUIDATORS AS
PART
OF ANY FINAL DISTRIBUTION MADE DURING LIQUIDATION PROCESS
    * BOARD CONSIDERS THAT INTEREST SHARING ARRANGEMENTS ARE
APPROPRIATE

Source text for Eikon:  ID:nRSE8397Ya 
Further company coverage:  EPICE.L 

 ((Reuters.Briefs@thomsonreuters.com;))