9 November 2018
CLEANTECH BUILDING MATERIALS PLC, NASDAQ FIRST NORTH, COPENHAGEN
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 €2,000,000.
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 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 |
| firstname.lastname@example.org |
+44 20 3934 6630
|Keswick Global AG (Certified Adviser)|| email@example.com |
+43 1 740 408045
| IFC Advisory Limited (Financial PR) |
|+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 West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Cleantech Building Materials via GlobeNewswire