Business
UKRPRODUCT GROUP and EBRD Loan
UKRPRODUCT GROUP and EBRD Loan.
About this update from Ukrproduct Group Ltd
[{"type":"text","content":"\n \nRNS Number : 9078R Ukrproduct Group Ltd 14 March 2016 \n\n \n \nFOR IMMEDIATE RELEASE March 14, 2016\n \n \nStatement re: UKRPRODUCT GROUP LIMITED AND European Bank for Reconstruction and Development Loan (\"EBRD\")\n \nUkrproduct Group Limited (AIM: UKR), is one of the leading Ukrainian producers and distributors of branded dairy foods and beverages (kvass) announces that on March 10, 2016 it has 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.\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\nSergey Evlanchik, 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\nRichard Morrison, Irina Lomova\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 of approximately GBP 17.7 million as at December 31, 2014 and consolidated revenues of approximately GBP 31.9 million for the twelv...