REG - Sutton Harbour Grp - Update on Bank Loan

Sutton HarbourAnnouncement

26/10/2023 07:00

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RNS Number : 3084R  Sutton Harbour Group PLC  26 October 2023

26 October 2023

Sutton Harbour Group plc

("Sutton Harbour" or the "Company")

Update on Bank Loan

The Company has agreed with its bankers to extend the repayment of £1.6
million of its term loan from 31 October 2023 to repaying £900,000 on or
before 31 October 2023 and £700,000 on or before 13 December 2023.

It is expected that the Company will satisfy repayment of the £900,000 on 31
October 2023 from the net proceeds received from certain of the Harbour Arch
Quay apartment sales, with the final apartment sale expected to complete in
November 2023.

For further information, please contact:

 Sutton Harbour Group plc                                             +44 (0) 1752 204186

 Philip Beinhaker - Executive Chairman

 Corey Beinhaker - Chief Operating Officer

 Natasha Gadsdon - Finance Director

 Strand Hanson Limited                                               +44 (0) 20 7409 3494

 (Nominated & Financial Adviser and Broker)

 James Dance

 Richard Johnson

Notes to Editors

Sutton Harbour Group plc (AIM: SUH) is an AIM quoted company specialising in
marine operations, waterfront regeneration and destination creation in
Plymouth and South West England.

The Company operates Sutton Harbour Marina, King Point Marina and Plymouth
Fisheries. Operational activities include mixed-use lettings, car parking and
support services to harbour users, property management and regeneration and
asset enhancement.

Sutton Harbour is committed to being the leading marine and waterfront
regeneration specialist in Southern England, and to positioning Sutton Harbour
in Plymouth as a destination of national interest.

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