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Thursday, 8 February 2018

Cleantech Building Materials: Amendment of Loan Facility

Cleantech Building Materials    

Published: 17:36 CET 08-02-2018 /GlobeNewswire /Source: Cleantech Building Materials / : CBM /ISIN: GBOOBD1LVD21

Cleantech Building Materials: Amendment of Loan Facility

8 February 2018

 

 

 

CLEANTECH BUILDING MATERIALS PLC, NASDAQ FIRST NORTH, COPENHAGEN

 

TICKER:  CBM

 

CLEANTECH BUILDING MATERIALS PLC

 

AMENDMENT OF LOAN FACILITY

 

Cleantech Building Materials PLC ("CBM" or the "Company") announces that the Company has reached an agreement with its loan providers, as disclosed in the CBM Company Description published on 20 December 2016, to increase the size of its existing loan facility by a further €1,500,000.

 

This additional funding will provide the Company with the working capital required to continue the expansion of its marketing and sales activities in China and the ASEAN region, and to progress the financing and build plans for its own Accoya® Wood factory in China.   

 

 

Commenting, Paul Richards, Chairman of CBM said:

 

"We are pleased that our loan providers have agreed to increase our facility demonstrating their confidence in our business plan. We are working hard to deliver value for all of our shareholders."

 

THE DIRECTORS OF CLEANTECH BUILDING MATERIALS PLC ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS ANNOUNCEMENT

 

Further information may be found at the Company's website at www.cbm-plc.com

 

 

 

For further information, please contact:

 

Cleantech Building Materials plc

Adrian Wyn-Griffiths

 

info@cbm-plc.com

+44 20 3934 6630

 

 

 

Keswick Global AG (Certified Adviser)

info@keswickglobal.com 

+43 1 740 408045

 

 

IFC Advisory Limited (Financial PR)

Tim Metcalfe

Miles Nolan

Heather Armstrong

+44 20 3934 6630

 

 

The information communicated in this announcement is "inside information" for the purposes of article 7 of the Market Abuse Regulation 596/2014.

 

 

 





This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: Cleantech Building Materials, 7 Trebeck Street, London W1J 7LU, UK
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