M&L Property & Assets PLC Asset Manager's Update - Loan Facility
21 Dicembre 2015 - 11:20AM
UK Regulatory
TIDMPHU
Asset Manager's Update - Loan Facility
M&L Property & Assets Plc (the "Company" or "Group")
Loan Facility & Property Sales
Further to the Company's announcement on 5 October 2015, the Group has sold a
further three properties at a sales price of EUR843,029 (after deducting all
sales commission and tax). The funds received from these sales (before
deducting agency fees) were EUR43,159 less than the balance sheet value of these
properties.
EUR284,492 of the sales proceeds have been applied against the loan to the
Company from M & M Investment Company plc.
The loan owing to M & M Investment Company plc (and any associates) has now
been repaid in full.
The Company's annualised income (including rent) is currently around EUR445,000.
For further information, please contact:
Asset Manager:
M & L Capital Management Limited
Tel: +44 (0) 20 7584 5733
Nominated Adviser:
Liam Murray/Jo Turner
Cairn Financial Advisers LLP
Tel: +44 (0) 20 7148 7900
END
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