7 October 2024
Hellenic
Dynamics Plc
("Hellenic" or the "Company")
Update on
receipt of €1 million loan
Further to the Company's
announcement of 21 August 2024, Hellenic Dynamics plc (LSE: HELD),
a medical cannabis cultivator with a dedicated focus on producing
tetrahydrocannabinol ("THC") dominant strains of medical cannabis
flowers for the fast-growing global medical cannabis
markets, operating a 40,000 square meter cultivation licence
from its 195,506 square meter facility in Northern Greece,
announces that receipt of the €1 million loan referred to therein,
has been further delayed due to procedural matters pertaining to
the lender. The Company has not received a confirmed date for the
receipt of the funds, but remains confident that progress is being
made. The Company will update the market when it is in a position
to do so.
The information contained within
this announcement is deemed to constitute inside information as
stipulated under Article 7 of EU Regulation 596/2014 (which
forms part of domestic UK law pursuant to the European Union
(Withdrawal) Act 2018) . Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
The Directors of the Company accept
responsibility for the content of this announcement.
Enquires:
Hellenic Dynamics
Plc
+44 (0)20
3818 7850
Davinder Rai
info@hellenicdynamics.com
Cairn Financial Advisers
LLP
Emily Staples / Jo Turner
+44 (0)20 7213 0880
Peterhouse Capital -
Brokers
Lucy Williams / Charles Goodfellow
+44 (0)20 7469
0930
Caution regarding forward looking
statements
Certain statements in this
announcement, are, or may be deemed to be, forward looking
statements. Forward looking statements are identified by their use
of terms and phrases such as ''believe'', ''could'', "should"
''envisage'', ''estimate'', ''intend'', ''may'', ''plan'',
''potentially'', "expect", ''will'' or the negative of those,
variations or comparable expressions, including references to
assumptions. These forward-looking statements are not based on
historical facts but rather on the Directors' current expectations
and assumptions regarding the Company's future growth, results of
operations, performance, future capital and other expenditures
(including the amount, nature and sources of funding thereof),
competitive advantages, business prospects and opportunities. Such
forward looking statements reflect the Directors' current beliefs
and assumptions and are based on information currently available to
the Directors.