M&L Property & Assets PLC Asset Manager's Update - Loan Facility
July 17 2015 - 8:49AM
UK Regulatory
TIDMPHU
M&L Property & Assets Plc
Asset Manager's Update - Loan Facility
M&L Property & Assets Plc (the 'Company' or "Group")
Loan Facility & Property Sales
Further to the Company's announcement on 30 April 2015, the Group has sold a
further three properties. The funds received from these sales before agency
fees were not materially less than the balance sheet value of these properties.
The debt owing to M&M Investment Company Plc ("MMIC") has been reduced by a
further EUR579,228 being the actual cash received (following all sales commission
and tax).
The balance now outstanding to MMIC is currently EUR897,064.
For further information, please contact:
Asset Manager:
Midas Investment Management Limited
Tel: +44 (0) 161 228 1709
Nominated Adviser:
Liam Murray/Jo Turner
Cairn Financial Advisers LLP
Tel: +44 (0) 20 7148 7900
END
Pactolus Hungarian Property (LSE:PHU)
Historical Stock Chart
From Jun 2024 to Jul 2024
Pactolus Hungarian Property (LSE:PHU)
Historical Stock Chart
From Jul 2023 to Jul 2024