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Cindrigo Holdings Ltd - Guernsey-based energy producer - Says all conditions for its subsidiary Cindrigo Geothermal Ltd's acquisition of a 90% interest in EES Dravacel energetika doo have now been satisfied and registered by the commercial court in Zagreb. Says Dravacel has also received a location permit for a project in Slatina, Croatia.
Enters a £1.4 million short-term loan agreement with its largest shareholder Danir AB. It is repayable on January 31, 2023. Plans to use it to capitalise Dravacel with €500,000 in accordance with its obligations under the agreement, to advance the pre-development work on its project.
In June, Cindrigo's subsidiary entered into a share purchase agreement to acquire 90% of Dravacel.
Current stock price: suspended
12-month change: unchanged
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