REG - Hellenic Dynamics - Update on €1 million loan

Hellenic DynamicsAnnouncement

15/11/2024 07:00

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RNS Number : 3408M  Hellenic Dynamics PLC  15 November 2024

   15 November 2024

 

Hellenic Dynamics plc

 

("Hellenic Dynamics" or the "Company")

 

Update on €1 million loan

 

London, 15 November 2024, - Hellenic Dynamics plc (LSE: HELD), a medical
cannabis cultivator focused on producing medical cannabis flowers for global
markets announces that further to the Company's announcement of 7 October
2024, which provided an update on  the receipt of the €1 million loan
originally announced on 22 April 2024, the Company confirms that, despite
continued reassurances from the lender, the loan has not been received and the
directors of the Company have no certainty that the loan will be received, and
if received on the timing of such receipt. As such, the Company is now
exploring alternative financing options to meet its working capital needs
effectively.

 

This announcement contains inside information for the purposes of article 7 of
the Market Abuse Regulation (EU) 596/2014 as amended by regulation 11 of the
Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication
of this announcement, this information is now considered to be in the public
domain.

The Directors of the Company take responsibility for 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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