Fenikso Limited - Receipt of funds for repayment of US$51.9m loan

Fenikso

20/10/2025 12:58

RNS Number : 0642E

Fenikso Limited

20 October 2025

 

Fenikso Limited

Receipt of funds for repayment of US$51.9m loan

20 October 2025: Fenikso Limited (AQSE: FNK) (the "Company"), the Cayman Islands enterprise company, announces the receipt of funds under the Lekoil & Gas Investments ("LOGI") Loan entered in to on 31 December 2022 as part of the Fenikso restructuring. Fenikso Limited received US$552,299 as partial repayment of the loan of US$51,919,467. The remaining amount under the loan is US$35,160,260. The amount received equates to 8.65% of the most recent payment from crude oil sales received by LOGI. The next payment is scheduled before end of December 2025.  The Company has a requirement to repay the full balance of the Savanah Energy Investments Limited loan ("SEIL Loan") of US$1,959,053 before the end of December 2025, in accordance with the renegotiated terms of the SEIL Loan announced on 25 April 2025.

The Directors of Fenikso accept responsibility for this announcement. 

For further information, please visit www.feniksoltd.com or contact:

Fenikso Limited
Thomas Richardson, Chairman
info@feniksoplc.com
First SentinelCorporate Finance Limited
Brian Stockbridge, Corporate Adviser
+44 7858 888 007

 

 

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