REG - Aminex PLC - Ruvuma Farm-Out Update

AminexAnnouncement

19/05/2020 07:01

RNS Number : 2718N
  
Aminex PLC
  
19 May 2020
  
 

19 May 2020
 
Aminex plc
("Aminex" or "the Company")
 
Ruvuma Farm-Out Update
Further to recent updates on progress towards completion of the Ruvuma Farm-Out, the Company is pleased to announce that following payment by the Company's subsidiary of the capital gains tax bill, and payment by ARA Petroleum Tanzania Limited ("APT") of the stamp duty bill, the Tanzania Revenue Authority ("TRA") has issued the Tax Clearance Certificate to the Company. 
The Tax Clearance Certificate has now been submitted to the Tanzania Petroleum Development Corporation ("TPDC") to be forwarded to the Ministry of Energy. The Company has now completed all the requirements to allow the Minister to grant approval of the assignment of the 50% interest in the Ruvuma PSA to APT, the final remaining condition to completion of the Farm-Out.
Robert Ambrose, Chief Executive of Aminex commented:
"This is a major milestone. With the receipt of the Tax Clearance Certificate from the TRA and with the onward submission to the TPDC, Aminex has now accomplished all of the conditions within our control in order to complete the Ruvuma Farm-Out."
The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No. 596/2014, and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.



 
 
For further information: 


 




 
Aminex PLC 


 
+44 20 3198 8415 




John Bell, Chairman 
Robert Ambrose, CEO


 




 


 




Davy 


+353 1 679 6363 




Brian Garrahy 


 




 


 




Camarco 


+44 20 3781 8331 




Billy Clegg / James Crothers / Daniel Sherwen 


 




 


 



 


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