MENA Land PLC Loan Facility (2209D)
24 Giugno 2019 - 2:12PM
UK Regulatory
TIDMMENA
RNS Number : 2209D
MENA Land PLC
24 June 2019
MENA Land PLC
Loan Facility
MENA Land PLC (the "Company") is pleased to announce that on 24
June 2019 it signed a loan facility agreement with Blue Rock
Investments LLC ("Blue Rock") (the "Facility").
The Facility is for a principal amount of GBP100,000 for a
period of five years and carries an interest coupon of 5% per
annum.
Khalifa Hasan Ali Saleh Al Hammadi, who owns 100% of the issued
share capital of ME Land Company PLC, which in turn owns 70% of the
issued share capital of the Company, owns 50% of the issued share
capital of Blue Rock. As a result, the Company entering into the
Facility constitutes a material related party transaction under
clause 7.3.8 of the Disclosure and Transparency Rules.
Enquiries:
MENA Land PLC
John-Paul Etheridge 00 971 50 454 2608
www.mena-land.com
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END
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June 24, 2019 08:12 ET (12:12 GMT)
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