UAE Oil Services PLC Loan Facility (2534D)
24 Giugno 2019 - 6:21PM
UK Regulatory
TIDMUOS
RNS Number : 2534D
UAE Oil Services PLC
24 June 2019
UAE Oil Services PLC
Loan Facility
UAE Oil Services plc (the "Company") is pleased to announce that
on 24(th) 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 a coupon of 5% per annum.
Khalifa Hasan Ali Saleh Al Hammadi, who owns 37.5% 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:
UAE Oil Services plc www.uaeoilservices.com
Stephen Smedley info@uaeoilservices.com
Nils Trulsvik
WH Ireland Limited ++44 (0)20 7220 1666
James Joyce
James Sinclair-Ford
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END
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