Parkmead Announces Extension of Loan

Source: www.gulfoilandgas.com 7/26/2021, Location: Europe

The Parkmead Group plc is pleased to announce a 24-month extension to the interest-bearing loan to Energy Management Associates Limited ("EMAL") of 2.9 million (the "Loan") ahead of the expiry of the loan on 27 July 2021. By providing this facility, Parkmead benefits from an exclusive arrangement to join EMAL in new ventures being evaluated by the Company, including inter alia potential opportunities relating to renewable energies. The Loan will continue to bear a fixed interest rate of 2.5 per cent per annum, payable to Parkmead. The entry by the Company into the Loan extension with EMAL, in which Tom Cross is a director and shareholder, is a related party transaction for the purposes of Rule 13 of the AIM Rules. The Directors (other than Tom Cross), having consulted with FinnCap, consider that such arrangements with EMAL are fair and reasonable insofar as the Company's shareholders are concerned.


Norway >>  1/27/2022 - - Segment Revenues and Other Income of $590.0 million, compared to $595.9 million in 2020, which included $38.8 million of Covid-19 related government...
United States >>  1/26/2022 - The Board of Directors of Chevron Corporation (CVX) declared a quarterly dividend of one dollar and forty-two cents ($1.42) per share, an increase of ...

Tanzania >>  1/25/2022 - Helium One Global Ltd has received notice to exercise warrants over a total of 211,864 Ordinary Shares (the "Warrant Shares") at a price of 3.55 pence...
Bermuda >>  1/21/2022 - Alexander Hansson, Board Member in Nordic American Tankers Ltd (NAT) and son of Herbjorn Hansson, the NAT Founder, Chairman and CEO, has today bought ...

Greece >>  1/21/2022 - Dynagas LNG Partners LP, an owner and operator of LNG carriers, announced that its Board of Directors has declared a cash distribution of $0.5625 per ...
Nigeria >>  1/21/2022 - LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, notes that as previously announced, the English co...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.