Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

European Wealth enters £720,000 12-month loan facility

European Wealth has entered into a £720,000 12-month loan facility at an interest rate of 10%.

The AIM-listed wealth management group said the full amount of the loan can be paid back at any time during the term at the discretion of the company without incurring any early repayment charges.

It will be used to provide adequate working capital in the near term and to ensure the group can meet its obligations as they fall due. In its trading update on 10 February, the company noted that its loan note obligations fall due in June this year.

Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.