Sutton Harbour Holdings (GB:SUH) has released an update.
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Sutton Harbour Group plc has announced an extension of its existing unsecured loan agreement with Beinhaker Design Services Ltd, increasing the principal amount by £0.6 million to a new total of £5,375,000. The loan, with an 8% annual interest rate that can be rolled up to 10%, is set to mature on 31 May 2025. This financial maneuver is deemed fair by company directors and is a related party transaction due to shared ownership interests.
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