Picture of Ukrproduct logo

UKR Ukrproduct News Story

0.000.00%
gb flag iconLast trade - 00:00
Consumer DefensivesHighly SpeculativeMicro CapSuper Stock

REG - Ukrproduct Group Ltd - Loan Agreement <Origin Href="QuoteRef">UKR.L</Origin>

RNS Number : 3396Q
Ukrproduct Group Ltd
11 September 2017

FOR IMMEDIATE RELEASE September 11, 2017

AMENDMENT TOOTPBANKLOAN AGREEMENT

Furthertotheannouncementsmadeon26June2017,theCompanyispleasedtoconfirmreceipttodayofa
variationtotheloanagreementwithOTPBank,originallyissuedon30May
2011,under whichthe principalloan repaymentdatehasbeenfurtherextendedto08December2017.Allotherprincipaltermsoftheloanagreement
remainunchanged.Theprincipalamountoutstanding under theloan remains Ukrainian Hyrvnia(UAH)32.3 million.

For further information contact: Ukrproduct GroupLtd

Jack Rowell, Non-ExecutiveChairman Tel:+380 44 232 9602

Alexander Slipchuk, Chief ExecutiveOfficerwww.ukrproduct.com


ZAICorporate FinanceLtd. Nominated Adviser andBroker John Treacy


Tel:+44 20 7060 2220www.zaicf.com


Thisannouncementcontainsinformationwhichwaspreviouslyinsideinformationforthepurposesof

Article7 of the Market Abuse RegulationEURegulation596/2014.

UkrproductGroupLtdisoneoftheleadingUkrainianproducersanddistributors ofbranded dairyproductsandkvass,atraditionalfermentedbeverage.TheGroup's product portfolio includesprocessedandhardcheese,packagedbutter,skimmedmilkpowder (SMP)andkvass. Ukrproducthasbuiltarangeof recognisableproductbrands("OurDairyman","People's Product", "Creamy Valley", "Molendam", "Farmer's") that are well known and highly regardedbyconsumers.TheGroupreportedunauditedconsolidatedtotalassets of approximatelyGBP13.8millionasatJune30,2016 andunauditedconsolidatedrevenuesof approximatelyGBP 8.2 million forthe sixmonthsthenended. Inits fullyearended31December

2015,theGroupreportedauditedrevenuesofapproximatelyGBP 20.2million.Ukrproduct's securitiesaretradedunderthe symbol"UKR"onAIM,amarketoperatedbytheLondonStock Exchange.

Someof theinformationinthispressreleasemay containprojectionsor otherforward-lookingstatementsregardingfuture eventsorthefuturefinancial performance oftheGroup.Youcanidentifyforwardlookingstatements bytermssuchas "expect,""believe,""anticipate,""estimate,""intend,""will,""could,""may"or"might"thenegativeofsuchtermsor othersimilarexpressions. Thesestatements areonlypredictions andtheymaydiffermateriallyfromtheactualeventsor results.Wedonotintendtoupdatethesestatementstoreflecteventsandcircumstancesoccurringafterthedatehereofor to reflecttheoccurrenceof unanticipatedevents.Manyfactorscouldcausetheactualresultstodiffermateriallyfromthose containedinsuchprojectionsorforward-lookingstatements,including,amongothers,generaleconomicconditions,our
competitiveenvironment,risksassociatedwithoperatinginUkraine,rapidtechnologicalandmarketchangeinour industry,aswellasmanyotherrisksspecificallyrelatedtotheGroupanditsoperations.


This information is provided by RNS
The company news service from the London Stock Exchange
END
AGRLIFVDASILLID

Recent news on Ukrproduct

See all news