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Partial repayment of seller’s credit

Nov 28 2023

Oslo, 28th November 2023. Baltic Sea Properties AS (“BALT” or “the Company”, and together with the Company’s subsidiaries, “BSP”) refers to the stock exchange announcement on 23rd of May 2022 concerning the acquisition of Grandus Shopping center in Klaipeda, Lithuania from Baltic Equity Group etc. As part of the transaction, the sellers granted a seller’s credit.

Today, the company has repaid mEUR 2.37 of the principal amount and mEUR 0.23 of accumulated interest (in total, mEUR 2.6). New outstanding seller’s credit is mEUR 0.83. (The main shareholder in Baltic Equity Group UAB is the current chairman of the board and primary insider in Baltic Sea Properties, James Andrew Clarke.)

In conjunction with the partial repayment of the seller’s credit, Baltic Sea Properties has increased the mezzanine loan from Ambolt Mezzanine Sub-fund by a corresponding amount.

Link to stock market notice:

For more information, please contact:
Lars Christian Berger
Phone: +47 930 94 319

The information in this announcement is subject to disclosure requirements under the EU Market Abuse Regulation and Euronext Growth listing rules.