This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
14 June 2019
Arricano Real Estate Plc
("Arricano" or the "Company")
Increase of Loan Facility
Further to the announcement dated 14 August 2018 detailing the TAS Loan Agreement with the Company's wholly owned subsidiary Livoberezhzhiainvest PJSC ("LBI"), Arricano (AIM: ARO) announces that the amount available to LBI for drawdown under the TAS Loan Agreement yesterday has increased by USD4 million to USD20 million. The funds will be used for general corporate and working capital purposes.
All other substantial commercial terms of the TAS Loan Agreement, as detailed in previous announcement, remain the same.
For further information, please contact:
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Arricano Real Estate plc
Mykhailo Merkulov
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Tel: +38 044 594 9471
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Nominated Adviser and Broker:
WH Ireland Limited
Chris Fielding
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Tel: +44 (0)20 7220 1666
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Financial PR:
Novella Communications Limited
Tim Robertson/Fergus Young
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Tel: +44 (0)20 3151 7008
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