Following our announcement, dated October 19, 2005, we would like to inform you that the following guarantees were granted to Cinolinks Enterprises Ltd for a loan of £3.8 mln approximately.
Note that the guarantees are parallel.
D.H. Cyprotels Public Ltd – Registration of 4th mortgage (Y1600/2004) on 07.05.2004, of the amount of £2,000,000.
Astarti Development Co Public Ltd, subsidiary company of D.H. Cyprotels Public Ltd – Registration of 2nd mortgage (Υ2074/2004)on 14.06.2004, of the amount of £700.000.
Iakovos P. Iakovou, subsidiary company of D.H. Cyprotels Public Ltd – Registration of 3rd mortgage (Υ736/2004) on 06.05.2004, for the amount of £800,000.
Libra Holidays Group Public Ltd – Pawning of 10.000.000 shares of the company D.H. Cyprotels Public Ltd. The pawning took place on 22.01.2001 for the securing of other liabilities of the company Cinolinks Enterprises Ltd with Alpha Bank Ltd.
D.H. Cyprotels Public ltd, Astarti Development Co Public Ltd and Iakovos P. Iakovou –company guarantees for unlimited amount.
Pawning of 5.743.255 shares of the company D.H. Cyprotels Limited, which belong to the company Cinolinks Enterprises Limited.
Pawning of 3.255.000 shares of the company Libra Holidays Group Limited, which belong to Mr. Andreas Drakou.
Individual guarantee of Mr. Andreas Drakou for the amount of £5.000.000 – plus the interest.
Note that the guarantees are parallel.
D.H. Cyprotels Public Ltd – Registration of 4th mortgage (Y1600/2004) on 07.05.2004, of the amount of £2,000,000.
Astarti Development Co Public Ltd, subsidiary company of D.H. Cyprotels Public Ltd – Registration of 2nd mortgage (Υ2074/2004)on 14.06.2004, of the amount of £700.000.
Iakovos P. Iakovou, subsidiary company of D.H. Cyprotels Public Ltd – Registration of 3rd mortgage (Υ736/2004) on 06.05.2004, for the amount of £800,000.
Libra Holidays Group Public Ltd – Pawning of 10.000.000 shares of the company D.H. Cyprotels Public Ltd. The pawning took place on 22.01.2001 for the securing of other liabilities of the company Cinolinks Enterprises Ltd with Alpha Bank Ltd.
D.H. Cyprotels Public ltd, Astarti Development Co Public Ltd and Iakovos P. Iakovou –company guarantees for unlimited amount.
Pawning of 5.743.255 shares of the company D.H. Cyprotels Limited, which belong to the company Cinolinks Enterprises Limited.
Pawning of 3.255.000 shares of the company Libra Holidays Group Limited, which belong to Mr. Andreas Drakou.
Individual guarantee of Mr. Andreas Drakou for the amount of £5.000.000 – plus the interest.
Tuesday, 25 October, 2005 - 10:26