SIMRIS GROUP CONFIRMS A TERM EXTENSION TO FLEXIBLE FUNDING FACILITY
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | First North Stockholm |
| Sektor | Handel & varor |
| Industri | Dagligvaror |
Simris Group AB and The Brand Laboratories FZ have agreed to extend the term of the existing flexible funding facility. The Maturity date of 31st December 2023 has been extended to 31 March 2025. Funding utilised under this facility are €777,832.
Simris Group AB (publ) (“Simris” or the “Company”) requested a maturity term extension of the flexible financing facility that The Brand Laboratories FZ (TBL”), a company associated with Simris’ Chairman, Steven Schapera, provided to the Company on 25 August 2022, and which was subsequently increased on 21 April 2023. TBL has agreed to that request. As such, Simris and TBL have entered into an amended agreement to extend the term of the flexible funding facility provided by TBL. The amended agreement stipulates that the term of the flexible funding facility shall be extended to 31 March 2025. As before, interest will be charged at a rate of 1.0% per month. TBL has made no charge to Simris for this extension.