|
Barkby Group PLC - Abingdon, England-based investor in roadside property and in consumer and life sciences companies - Intends to refinance existing debt facilities, including its £12 million debt facility provided by Tarncourt Properties Ltd, a vehicle controlled by Executive Chair Charles Dickson and his family. Says this facility was revised in December last year, with interest paid at a rate of 3.0% above the Bank of England’s prevailing base rate and an expiry date of June 30, 2024. Intends to simplfy its capital structure, after announcing a joint venture with Meadow Partners LLP at the end of October. It is considering a new pound sterling denominated private debt offering, which would be issued on market terms. Says ‘certain existing shareholders’ are likely to participate in the offering. A further announcement will be made ‘as appropriate’, Barkby says. Current stock price: 6.39 pence, up 6.5% 12-month change: down 36% Copyright 2023 Alliance News Ltd. All Rights Reserved.
|
