Business
EBRD Loan
EBRD Loan.
About this update from Ukrproduct Group Ltd
[{"type":"text","content":"\n \nRNS Number : 3060B Ukrproduct Group Ltd 15 June 2016 \n\n \n \nFOR IMMEDIATE RELEASE June 15, 2016\n \n \n \n \nSTATEMENT RE: UKRPRODUCT GROUP LIMITED AND EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT LOAN (\"EBRD\")\n \nUkrproduct Group Limited (AIM: UKR), one of the leading Ukrainian producers and distributors of branded dairy foods and beverages (kvass) announces that on June 10, 2016 it made another interest payment under the terms of its loan agreement with the European Bank for Reconstruction and Development (\"EBRD\") dated March 31, 2011 (the \"Loan Agreement\") and subsequent restructuring terms.\nEBRD and the Company are in the process of amending the Loan Agreement based on the revised terms as announced on 15 December 2015 and expect to finalise documentation shortly.\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, Jamie Spotswood\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\nUkrproduct Group Ltd is one of the leading Ukrainian producers and distributors of branded dairy products and kvass, a traditional fermented beverage. The Group's product portfolio includes processed and hard cheese, packaged butter, skimmed milk powder (SMP) and kvass. Ukrproduct has built a range of recognisable product brands (\"Our Dairyman\", \"People's Product\", \"Creamy Valley\", \"Molendam\", \"Farmer's\") that are well known and highly regarded by consumers. The Group reported total assets o...