Fenikso Limited - Notification of Investment
06/11/2024 07:00
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RNS Number : 0792L Fenikso Limited 06 November 2024
This announcement contains information which, prior to its disclosure, was
inside information as stipulated under Regulation 11 of the Market Abuse
(Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication
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06 November 2024
Fenikso Limited
("Fenikso" or "the Company")
Notification of Investment
Fenikso Limited (AQSE: FNK) announces that, further to the announcement made
on 16 August 2024, it has provided an additional secured convertible loan of
US$250,000 to Coro Energy PLC ("Coro") (the "Investment"), bringing the total
amount of the secured convertible loan provided to Coro to US$500,000. The
Investment remains below 5% of the Company's assets however the Company notes
the announcement by Coro of the Related Party transaction and has disclosed
below the related party nature of the transaction.
Rule 4.6 Statement
Tom Richardson, Chairman of Fenikso is also a Director of Coro Energy PLC, the
directors (other than Tom Richardson) confirm that, having exercised
reasonable care, skill and diligence, the related party transaction is fair
and reasonable as far as the shareholders of the issuer are concerned.
For further information, please visit www.feniksoplc.com
(http://www.feniksoplc.com) or contact:
Fenikso Limited info@feniksoplc.com
Thomas Richardson, Chairman
First Sentinel Corporate Finance Ltd (AQSE Corporate Adviser)
Brian Stockbridge +44 203 855 5551
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