24 June 2019
UAE Oil Services plc (the "Company") is pleased to announce that on 24th June 2019 it signed a loan facility agreement with Blue Rock Investments LLC ("Blue Rock") (the "Facility").
The Facility is for a principal amount of £100,000 for a period of five years and carries a coupon of 5% per annum.
Khalifa Hasan Ali Saleh Al Hammadi, who owns 37.5% of the issued share capital of the Company, owns 50% of the issued share capital of Blue Rock. As a result, the Company entering into the Facility constitutes a material related party transaction under clause 7.3.8 of the Disclosure and Transparency Rules.
|UAE Oil Services plc
|WH Ireland Limited
|++44 (0) 20 7220 1666|