Cambium Global Timberland Limited Loan Repayment (2084V)
April 13 2021 - 2:00AM
UK Regulatory
TIDMTREE
RNS Number : 2084V
Cambium Global Timberland Limited
13 April 2021
Cambium Global Timberland Limited
(the "Company")
Repayment of Loan
As announced on 21 December 2017, the Company entered in to an
unsecured loan facility agreement (the "Loan Agreement") with the
Company's largest shareholder Peter Gyllenhammar AB ("PGAB"). The
Company drew down GBP1,413,873.61 in order to enable the Group to
remove outstanding mortgages over the Group's 3R Tocantins property
without depleting existing cash balances. The interest rate was 6%
for the first 12 months and thereafter 8%.
The Company is pleased to announce that it is has repaid all of
the outstanding Loan and accrued interest amounting to
GBP1,759,323.61 to PGAB. The source of the repayment funding was
cash received from asset sales and the Company is now debt
free.
For further enquiries please contact:
Chairman
Tony Gardner-Hillman
01534 486980
Broker and Nominated Adviser
W H Ireland
James Joyce / Darshan Patel
020 7220 1698
Administrator and Company Secretary
Praxis Fund Services (Jersey) Limited
01534 835831
Inside information
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014. Upon the
publication of this announcement via Regulatory Information Service
this inside information is now considered to be in the public
domain.
LEI: 213800YGRM8HG1S74M46
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCFLFSRSFIFLIL
(END) Dow Jones Newswires
April 13, 2021 02:00 ET (06:00 GMT)
Cambium Global Timberland (LSE:TREE)
Historical Stock Chart
From Jun 2024 to Jul 2024
Cambium Global Timberland (LSE:TREE)
Historical Stock Chart
From Jul 2023 to Jul 2024