REG - Ukrproduct Group Ltd - EBRD notification of loan deferral fee accrual

UkrproductAnnouncement

14/02/2025 07:15

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RNS Number : 0918X  Ukrproduct Group Ltd  14 February 2025

14 February 2025

UKRPRODUCT GROUP LIMITED

("Ukrproduct" or the "Company")

EBRD notification of loan deferral fee accrual

Ukrproduct Group Limited (AIM: UKR) announces that it has received
notification from the European Bank for Reconstruction and Development
("EBRD") that Ukrproduct owes the EBRD a further EUR 2.4 million, principally
relating to loan deferral fee charges for the period from 24 October 2016 to 2
December 2024. This brings the aggregate balance owed to the EBRD to
approximately EUR 9.7 million, inclusive of principal, interest and fees as at
2 December 2024.

The Group has been in dialogue with the EBRD since 2021 to potentially
restructure the loan, and accrued interest and charges, and discussions
continue. At present, the EBRD has taken no action to accelerate repayment of
the accumulated loan.

 

For further information contact:

 

Ukrproduct Group Limited

Rinat Abdrasilov, Non-Executive Chairman              Tel: +380
67 322 52 04

Sergey Evlanchik, Executive Director

 

Strand Hanson Limited

Nominated Adviser and
Broker                                 Tel:
+44 20 7409 3494

Rory Murphy, Richard Johnson, Imogen Ellis

 

 

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