Business
Barclays Loan Extension and Notice of Results
The Conygar Investment Company PLC has restructured its development loan with Barclays for the Winfield Court student accommodation, extending the repayment date from December 23, 2025, to December 23, 2026. The total loan facility has been reduced from £43.6 million to £38.8 million, reflecting a £3.9 million repayment and cancellation of an undrawn £0.9 million facility. Additionally, the company will provide its 1 TIQ restaurant and events venue as further security, allowing the loan to value covenant to be reduced to 60%. The company also announced that its audited annual accounts for the year ended September 30, 2025, will be published in January 2026. Disclaimer*
About this update from Conygar Investment Company Plc
[{"type":"text","content":"\n\n \n \n 19 December 2025\nTHE CONYGAR INVESTMENT COMPANY PLC\nExtension of Barclays Facility and Notice of Results\nThe Company announces that it has agreed with Barclays to restructure its development loan, provided in connection with the Winfield Court student accommodation at The Island Quarter in Nottingham, to extend the final repayment date from 23 December 2025 to 23 December 2026.\nThe revised terms include the reduction of the total loan facility from £43.6 million to £38.8 million by way of a £3.9 million loan repayment and cancellation of the £0.9 million undrawn facility. In addition, the Company will provide, as additional security for the loan, its 1 TIQ restaurant and events venue at The Island Quarter such that the loan to value covenant can be reduced to no more than 60%. \nThe Company also announces that its audited annual accounts for the year ended 30 September 2025 will be published in January 2026.\n \nThe information contained within this announcement is deemed by the Group to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018.\nEnquiries:\nThe Conygar Investment Company PLC\nRobert Ware / David Baldwin: 020 7258 8670 \nPanmure Liberum (Nominated Adviser and Broker)\nChris Clarke / Jamie Richards: 020 3100 2185\nTemple Bar Advisory (Public Relations)\nAlex Child-Villiers: 07795 425580\nSam Livingstone: 07769 655437\n \n\n","length":2563,"tagName":"div"}]