TIDMBSP

RNS Number : 2797M

Black Sea Property PLC

20 May 2022

Black Sea Property

Lending agreed from Neo London Capital AD

RNS Number: 2797M

Black Sea Property PLC

19 May 2022

BLACK SEA PROPERTY PLC

("Black Sea Property" or the "Company")

Lending agreed

Black Sea Property PLC, the Bulgarian real estate investment company, is pleased to announce that it has agreed and entered into lending terms with its major shareholder Neo London Capital AD for deposits that may be required in relation to the exploration of future property development opportunities ("Funding").

Neo London Capital AD has agreed to lend the Company up to EUR2,500,000 in agreed allocated tranches for the exploration, which need to be utilised within agreed timescales. The Funding is un-secured and is for a term of 3 months from the date the funding is provided.

The Directors of the issuer accept responsibility for the contents of this announcement.

For further information, please visit www.blackseapropertyplc.com or contact the following:

 
 BLACK SEA PROPERTY PLC           simon.hudd@d3ainvestments.com 
  Simon Hudd - Chairman 
 PETERHOUSE CAPITAL LIMITED 
  AQSE Corporate Adviser 
  Mark Anwyl and Duncan Vasey              +44 (0) 207 469 0930

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(END) Dow Jones Newswires

May 20, 2022 08:01 ET (12:01 GMT)

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