Sutton Harbour Holdings (GB:SUH) has released an update.
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Sutton Harbour Holdings PLC has expanded its financial manoeuvrability by securing an additional £1.37m loan extension from Beinhaker Design Services Ltd, while also facilitating BDSL’s buyout of a £1.15m loan principal from Rotolok (Holdings) Limited. These financial moves, considered fair by the company’s advisers, bring BDSL’s total loan advances to Sutton Harbour to £4.775m, excluding accrued interest, with both loans set to mature by 31 May 2025. The transactions are related party transactions due to the intertwined ownership stakes among involved entities.
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