Silverwood Brands PLC - holding company established to invest primarily in branded consumer businesses - Enters amendment and waiver agreement with Castelnau Group Ltd in relation to an unsecured loan facility of GBP4.4 million, which it entered into alongside Castelnau on Thursday.

Says that both parties have agreed to extend the repayment date for the loan to April 12, and that Castelnau has agreed to waive its right to treat the continued suspension of trading in the company's shares, which commenced on October 2, as an event of default under the terms of the loan, provided that trading in Silverwood's shares has resumed before the extension end-date.

Silverwood Brands shares are currently suspended from trading.

By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.