This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
29 July 2020
Arricano Real Estate Plc
(together with its subsidiaries "Arricano" or the "Group")
Update on Loan Facility
Further to its announcement on 18 June 2020, Arricano (AIM: ARO), a leading real estate developer and shopping mall operator in Ukraine, is pleased to announce that on 29 July 2020 the Group entered into a new loan agreement with Raiffeisen Bank Aval to refinance two loans with the same bank granted in 2015 and in 2019.
The main terms of the loan agreement are as follows:
* Loan facility amount: up to UAH 290 million;
* Repayment date: 31.12.2025.
* Interest rate: 13.25% per annum.
Arricano Real Estate plc Tel: +357 25 582 535
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