REG - Caspian Sunrise plc - Corporate update

Caspian SunriseAnnouncement

Wed 08:45

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RNS Number : 8428W  Caspian Sunrise plc  27 August 2025

The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK
law by virtue of the European Union (Withdrawal) Act 2018. The information
is disclosed in accordance with the Company's obligations under Article 17 of
the UK MAR. Upon the publication of this announcement, this inside information
is now considered to be in the public domain.

 

Caspian Sunrise PLC

("Caspian Sunrise" or the "Company" and together with its subsidiaries, the
"Group")

Corporate update

Completion of the transfer of the MJF and South Yelemes structures

 

The Directors of Caspian Sunrise are pleased to confirm that the sale of the
entity created to transfer the BNG shallow MJF and South Yelemes structures
has completed, with the full $69.1 million due to date received.

 

Of the remaining $18.9 million, $5.1million is due to be received in 12
monthly instalments commencing in Q1 2026 and $13.8 million is due to be paid
direct by the new owners of the MJF and South Yelemes structures to the Kazakh
authorities reducing the Caspian Sunrise Group's historic costs obligations.

 

Publication of the 2024 audited accounts and resumption of trading

 

The board expects to publish the 2024 audited accounts in the next few weeks,
following which the suspension of trading in the Company's shares is expected
to be lifted.

 

 

Contacts:

 

 Zeus               +44 (0) 203 829 5000

    James Joyce

   James Bavister

   Andrew de Andrade

 

This announcement has been posted to:

www.caspiansunrise.com/investors (http://www.caspiansunrise.com/investors)

 

The person responsible for arranging the release of this announcement on
behalf of the Company is Clive Carver, Chairman of the Company.

 

This announcement has been posted to:

www.caspiansunrise.com/investors (http://www.caspiansunrise.com/investors)

 

 

 

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