REG - Hellenic Dynamics - Update on receipt of €1 million loan

Hellenic DynamicsAnnouncement

21/08/2024 15:30

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RNS Number : 3117B  Hellenic Dynamics PLC  21 August 2024

21 August 2024

 

Hellenic Dynamics Plc

 

("Hellenic" or the "Company")

 

 

Update on receipt of €1 million loan

 

Further to the Company's announcement of 1 August 2024, Hellenic Dynamics plc
(LSE: HELD), a medical cannabis cultivator with a dedicated focus on producing
tetrahydrocannabinol ("THC") dominant strains of medical cannabis flowers for
the fast-growing global medical cannabis markets, operating a 40,000 square
meter cultivation licence from its 195,506 square meter facility in Northern
Greece, announces that receipt of the €1 million loan referred to therein,
has been further delayed due to procedural matters relating a change in bank
accounts by the lender. The Company remains in conversations with the lender
and will update the market in regard to the timing of the receipt of funds as
soon as it is in a position to do so.

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under Article 7 of EU Regulation 596/2014
(which forms part of domestic UK law pursuant to the European Union
(Withdrawal) Act 2018) . Upon the publication of this announcement, this
inside information is now considered to be in the public domain.

 

The Directors of the Company accept responsibility for the content of this
announcement.

 

Enquires:

 

Hellenic Dynamics Plc
                                 +44 (0)20 3818 7850

Davinder Rai
 
info@hellenicdynamics.com

 

Cairn Financial Advisers LLP

Emily Staples / Jo Turner
 
+44 (0)20 7213 0880

 

Peterhouse Capital - Brokers

Lucy Williams / Charles Goodfellow
                    +44 (0)20 7469 0930

 

 

Caution regarding forward looking statements

 

Certain statements in this announcement, are, or may be deemed to be, forward
looking statements. Forward looking statements are identified by their use of
terms and phrases such as ''believe'', ''could'', "should" ''envisage'',
''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect",
''will'' or the negative of those, variations or comparable expressions,
including references to assumptions. These forward-looking statements are not
based on historical facts but rather on the Directors' current expectations
and assumptions regarding the Company's future growth, results of operations,
performance, future capital and other expenditures (including the amount,
nature and sources of funding thereof), competitive advantages, business
prospects and opportunities. Such forward looking statements reflect the
Directors' current beliefs and assumptions and are based on information
currently available to the Directors.

 

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