Cleantech Building Materials: Amendment of Loan Facility

Written by Customer Service on . Posted in Public Companies.

8 April 2020CLEANTECH BUILDING MATERIALS PLC, NASDAQ FIRST NORTH GROWTH MARKET, COPENHAGENTICKER:  CBM
ISIN:  GBOOBVIVRR47CLEANTECH BUILDING MATERIALS PLCAMENDMENT OF LOAN FACILITYCleantech 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 €1,000,000.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 ANNOUNCEMENTFurther information may be found at the Company’s website at www.cbm-plc.comFor further information, please contact:The information communicated in this announcement is “inside information” for the purposes of article 7 of the Market Abuse Regulation 596/2014.

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