Fenikso Limited - Receipt of funds for repayment of US$51.9m loan
26/07/2023 17:06
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230726:nRSZ3120Ha&default-theme=true
RNS Number : 3120H Fenikso Limited 26 July 2023
26 July 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, 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$742,455 as partial repayment of the
loan of US$51,919,467; the remaining balance is US$48,561,540. 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 end of August. The
proceeds will go towards clearing the remaining creditor balance at the
Company, covering general and administrative expenses and paying the first
instalment of the Savanah Energy Investments Limited loan.
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
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END NEXNKABKABKDPOB