on VVV Resources Limited (isin : VGG9470B1004)
VVV Sports Limited Repays Short Term Loan Ahead of Schedule
VVV Sports Limited, based in the British Virgin Islands and listed on the Aquis Stock Exchange Growth Market under the ticker VVV, has announced the early repayment of a £250,000 loan from Campana Investments Limited. The loan had a one-year term with a 5% interest rate.
Despite the loan's original duration, VVV's Directors chose to repay it in full immediately. This decision is classified as a related party transaction, as Campana is controlled by David Rowland, the father of VVV's Executive Chairman, Jonathan Rowland. The non-involved Directors deemed the repayment beneficial for shareholders.
The announcement disclosed insider information in compliance with the Market Abuse Regulation. The Directors assume responsibility for the announcement's content.
R. H.
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