Fenikso Limited - Receipt of funds for repayment of US$51.9m loan
02/05/2023 08:11
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RNS Number : 0762Y Fenikso Limited 02 May 2023
02 May 2023
Fenikso Limited
("Fenikso" or "the Company")
Receipt of funds for repayment of US$51.9m loan
Fenikso Limited (AQSE: FNK) (the "Company"), the Cayman Islands enterprise
company formerly known as Lekoil Limited, 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$613,892
as partial repayment of the loan of US$51,919,467 the remaining balance is
US$49,948,443. The amount received equates to 8.65% of the most recent payment
from crude oil sales received by LOGI. The next payment is scheduled for the
beginning of June. The proceeds will go towards reducing the creditor balance
at the Company which is currently in excess of US$1,100,000.
The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication of this
announcement via Regulatory Information Service ('RIS'), this inside
information is now considered to be in the public domain.
For further information, please visit www.feniksoltd.com or contact:
Fenikso Limited info@feniksoplc.com
Thomas Richardson Chairman
First Sentinel Corporate Finance Ltd (AQSE Corporate Adviser)
Brian Stockbridge +44 203 989 2200
Tennyson Securities (Broker) +44 20 7186 9030
Peter Krens
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