Loan Facility

UAE Oil Services

24/06/2019 17:21

RNS Number : 2534D

UAE Oil Services PLC

24 June 2019

 

UAE Oil Services PLC

Loan Facility

UAE Oil Services plc (the "Company") is pleased to announce that on 24th June 2019 it signed a loan facility agreement with Blue Rock Investments LLC ("Blue Rock") (the "Facility").

The Facility is for a principal amount of £100,000 for a period of five years and carries a coupon of 5% per annum. 

Khalifa Hasan Ali Saleh Al Hammadi, who owns 37.5% of the issued share capital of the Company, owns 50% of the issued share capital of Blue Rock.  As a result, the Company entering into the Facility constitutes a material related party transaction under clause 7.3.8 of the Disclosure and Transparency Rules.

 

Enquiries:

UAE Oil Services plc
www.uaeoilservices.com
Stephen Smedley
Nils Trulsvik
info@uaeoilservices.com
WH Ireland Limited
++44 (0)20 7220 1666
James Joyce
James Sinclair-Ford


 

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