REG - UAE Oil Services PLC - Loan Facility

UAE Oil ServicesAnnouncement

24/06/2019 17:25

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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