Repayment of OTP Bank Loan

Ukrproduct

09/02/2018 07:00

RNS Number : 3761E

Ukrproduct Group Ltd

09 February 2018

 09 February 2018

Ukrproduct Group Ltd

("Ukrproduct" or the "Company")

Repayment of OTP Bank Loan

Further to the announcement made on 07 February 2018, Ukrproduct is pleased to announce that it has drawn down UAH 32.3 million (the "Loan") under the terms of the loan agreement with PJSC "CREDITWEST BANK" (the "CreditWest Loan Agreement") in order to fully repay all amounts outstanding to OTP Bank.Accordingly, the Company has no outstanding liabilities to OTP Bank. The Loan is secured against certain real estate and property assets of the Company.

As a result of the abovementioned drawdown, there remains approximately UAH 32.7 million available to the Company under the terms of the CreditWest Loan Agreement.

For further information contact:

Ukrproduct Group Ltd
Jack Rowell, Non-Executive Chairman
Tel: +380 44 232 9602
Alexander Slipchuk, Chief Executive Officer
www.ukrproduct.com
Strand Hanson Limited
Nominated Adviser and Broker
Rory Murphy, James Dance, Jack Botros
Tel: +44 20 7409 3494


The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

This information is provided by RNS

The company news service from the London Stock Exchange

  END

MSCBRGDDGGGBGII