Sign up United Kingdom
Altyn (LON:ALTN)

Altyn (LON:ALTN)


Share Price
0.63 p
Change
0.025 (4.17 %)
Market Cap
£16.05 m
Proactive Investors - Run By Investors For Investors

Altyn RNS Release

Final repayment of EBRD loan


RNS Number : 5052X
Altyn PLC
27 November 2017
 

Altyn  Plc

("Altyn" or the "Company")

 

Final repayment of EBRD loan

 

In 2012, two of the Company's subsidiaries, TOO GMK Altyn MM and DTOO GRP Baurgold entered into a loan agreement with the European Bank for Reconstruction and Development ("EBRD"). 

Under the loan agreement an amount of USD10 million was advanced to the Company, and was repayable in quarterly instalments from January 2015 to October 2017.

The Company is pleased to announce that all obligations and repayments due under this facility were repaid in October 2017.

Within 2017, three quarterly capital repayments amounting to USD2.5 million plus interest at 7.5 per cent were made.  The repayment of the loan will provide significant cash flow upside for the Company going forward.

 

Aidar Assaubayev, CEO of Altyn Plc commented:

 

"The Company is moving forward with its plans, and is pleased that all repayments have been made as agreed with EBRD.  This will release significant funds and obligations to enable the Company to pursue its future capital funding needs".

 

 

 

Further Information:

For further information please contact:

Altyn Plc

Rajinder Basra               

+44 (0) 207 932 2456

 

   Blytheweigh (Financial PR)

Tim Blythe/Camilla Horsfall       +44 (0) 207 138 3204

 

 

Information on the Company  

Altyn Plc (LSE:ALTN) is an exploration and development company, which is listed on the standard segment of the London Stock Exchange.

To read more about Altyn Plc please visit our website www.altyn.uk


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCZMMZMKDMGNZM

Altyn Timeline

Newswire
December 24 2012
Newswire
December 17 2012

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use