Nature Group PLC Director Loan (8576S)
05 Ottobre 2017 - 4:21PM
UK Regulatory
TIDMNGR
RNS Number : 8576S
Nature Group PLC
05 October 2017
This announcement contains inside information
NATURE GROUP PLC
("Nature Group" or the "Company")
Director Loan
Nature Group PLC (AIM:NGR), the provider of port reception
facilities and waste treatment solutions for the oil, marine and
process industries, announces that it has entered into a Loan
Agreement (the "Loan Agreement") with Andreas Drenthen, the CEO of
Nature Group, pursuant to which Mr Drenthen has made available a
loan of EUR100,000 to Nature International Slop Disposal BV
("NISD"), a wholly owned subsidiary of the Company (the "Loan").
Under the terms of the Loan Agreement, no interest is payable by
the Company or its subsidiaries in respect of the Loan, which is
repayable by the Company three months from today's date, unless
otherwise agreed. Nature Group will act as guarantor in respect of
the Loan.
As announced in the Company's interim results for the period to
30 June 2017, the Company's financial position is being actively
monitored by the directors and it is currently in negotiations with
a number of parties about the immediate financing, structure and
strategic direction of the business. The purpose of the Loan is to
provide short term liquidity to allow the Company to satisfy a
number of near-term payment obligations whilst those negotiations
are progressed and the directors of the Company continue to
implement further operational measures to improve the financial
position of, and outlook for, the Company.
Berend van Straten, Chairman of Nature Group, commented:
"We are very grateful to Andreas for providing this short term
loan which will enable the Board to continue to focus its efforts
on creating value and strengthening the long term prospects of the
Company."
For further information:
For further information contact:
Nature Group PLC
Andreas Drenthen, CEO Tel: + 31 653261484
Berend van Straten, Chairman Tel: + 31 626805605
Cenkos Securities plc
Neil McDonald Tel: +44 (0)131 220 9771 / +44 (0)207 397 1953
Beth McKiernan Tel: +44 (0)131 220 9778 / +44 (0)207 397
1950
Nature Group is traded on the AIM market, (ticker: NGR).
www.ngrp.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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October 05, 2017 10:21 ET (14:21 GMT)
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