Everest Global Plc - Investment in UK wine retailer
04 Julio 2023 - 2:17AM
PR Newswire (US)
4 July
2023
Everest Global
plc
(“Everest” or the
“Company”)
Investment in UK wine
retailer
Everest has entered into an agreement to provide a
loan to Precious Link (UK) Limited
(“Precious Link”), a wine retailer, incorporated and registered in
England and Wales, located within the
Southeast of England.
The loan is for a sum of
£200,000, is unsecured and attracts interest at 10 per cent. per
annum payable monthly in arrears. The loan is repayable on demand by the Company and is
repayable on 5 business days’ notice from Precious
Link.
The strategy of the Company has been to develop a
group with a focus on food, agriculture and agricultural related
products. The Company believes Precious
Link operates in a complementary sector and therefore the
loan to Precious Link could assist
the Company in expanding its activities into the wider food and
beverage
sector.
This announcement contains inside information for
the purposes of Article 7 of EU Regulation 596/2014 (which forms
part of domestic UK law pursuant to the European Union (Withdrawal)
Act 2018).
The Directors of the Company take responsibility for
the contents of this
announcement.
For further information please contact the
following:
Everest Global plc |
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Andy Sui, Chief
Executive OfficerRob Scott,
Non-Executive
Director |
+44 (0) 776 775
1787+27 (0)84 6006
001 |
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Cairn Financial Advisers
LLP |
|
Jo Turner / Emily
Staples |
+44 (0) 20 7213 0885 /
+44 (0)20 7213 0897 |
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