TIDMCIC

RNS Number : 6036T

Conygar Investment Company PLC(The)

16 November 2023

THE CONYGAR INVESTMENT COMPANY PLC

(THE "COMPANY")

NEW DEBT FACILITY

The Board is pleased to announce that a wholly owned subsidiary of the Company has entered into a new debt facility agreement with A.S.K. Partners Limited ("ASK") for a maximum of GBP12 million. The loan will be utilised by the Company to further progress certain plots at The Island Quarter site in Nottingham, in addition to the planning application for its potential acquisition site in Bristol.

The term of the loan is for a minimum of 2 years. The interest rate is calculated by reference to the Bank of England base rate plus a margin of 5.9% and is secured on part of The Island Quarter site in Nottingham.

Robert Ware, Chief Executive of the Company, commented:

"We are delighted to have secured the facility with ASK which now enables the further progression of both our substantial mixed-use projects at Nottingham and Bristol."

Enquiries:

The Conygar Investment Company PLC

   Robert Ware / Freddie Jones / David Baldwin                                  020 7258 8670

Liberum Capital Limited (Nominated Adviser and Broker)

   Richard Lindley / Jamie Richards                                                      020 7183 1190

Temple Bar Advisory (Public Relations)

Alex Child-Villiers 07995 425580

Will Barker 07827 960151

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

MSCKZMMMVKVGFZM

(END) Dow Jones Newswires

November 16, 2023 02:00 ET (07:00 GMT)

Conygar Investment (AQSE:CIC.GB)
Historical Stock Chart
Von Okt 2024 bis Nov 2024 Click Here for more Conygar Investment Charts.
Conygar Investment (AQSE:CIC.GB)
Historical Stock Chart
Von Nov 2023 bis Nov 2024 Click Here for more Conygar Investment Charts.