Business
Amended loan agreement
Amended loan agreement.
About this update from Ukrproduct Group Ltd
[{"type":"text","content":"\n \nRNS Number : 6061H Ukrproduct Group Ltd 09 June 2017 \n\n \n \nFOR IMMEDIATE RELEASE June 9, 2017\n \n \nAMENDMENT TO UKRPRODUCT GROUP LIMITED Loan AGREEMENT\n \n \nUkrproduct Group Limited (AIM: UKR), one of the leading Ukrainian producers and distributors of branded dairy foods and beverages (kvass) announces that it has reached agreement with OTP Bank for the deferral of the principal loan repayment of Ukrainian Hyrvnia (UAH) 32.3 million (approximately GBP 0.95 million) due 9 June 2017 initially until 23 June 2017 by which time it is expected that negotiations in relation to a new loan agreement will have been completed.\nThe Company also announces that it has obtained waivers from the European Bank for Reconstruction and Development (\"EBRD\") in respect of debt ratio covenant breaches in the amended and restated EBRD loan agreement announced on 30 June 2016 in respect of the periods ended 31 December 2016 and 31 March 2017.\nThe Company expects to publish its annual results for the year ended 31 December 2016 later this month.\n \nFor further information contact:\n \n\n\n\n\nUkrproduct Group Ltd\n\n\n \n\n\n\n\nJack Rowell, Non-Executive Chairman\n\n\nTel: +380 44 232 9602 \n\n\n\n\nAlexander Slipchuk, Chief Executive Officer\n \n\n\nwww.ukrproduct.com \n\n\n\n\nZAI Corporate Finance Ltd.\n\n\n \n\n\n\n\nNominated Adviser and Broker\nPeter Trevelyan-Clark, John Treacy\n\n\nTel: +44 20 7060 2220\nwww.zaicf.com\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \nThis announcement contains information which was previously inside information for the purposes of Article 7 of the Market Abuse Regulation EU Regulation 596/2014.\n \nUkrproduct Group Ltd is one of the leading Ukrainian producers and distributors of branded dairy products and k...