11 October 2017
Market Update ('Ecovista' or 'the Company')
Ecovista PLC has bought an 80% stake in Start Hill Limited, a special purpose vehicle, which owns the property 'Marstons', a 4-bedroom property near to Stansted Airport.
The shares were purchased for the sum of £532,000. Louise Stokely has joined the board of Start Hill Limited. This purchase came from the Company's own funds.
Willside Limited, the Company's wholly owned subsidiary, has also bought a one year option for £10,000 to buy the next-door property to 'Marstons' called 'Barnmead' for the sum of 1,300,000.
The directors believe that the two combined plots which covers 1.72 acres has good chance of obtaining further development planning.
The Company has also repaid the loan of an amount of £100,000 to DHD Impex PTE, one of its convertible loan notes holders, that was issued on 3(rd) November 2015.
The Directors of the Company accept responsibility for this announcement.
Louise Stokely ECOVISTA Plc Tel: +44 (0) 1279 654151
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ecovista Plc via GlobeNewswire
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