REG - LMS Capital PLC - Portfolio Update

LMS CapitalAnnouncement

23/11/2021 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20211123:nRSW1975Ta&default-theme=true

RNS Number : 1975T  LMS Capital PLC  23 November 2021

 

 

 

 

 

23 November 2021

 

LMS Capital PLC

 

LEGAL COMPLETION BY DACIAN PETROLEUM OF ITS ACQUISITION OF OIL AND GAS
PRODUCING ASSETS IN ROMANIA

 

On 12 November 2021 LMS Capital PLC ("LMS" or the "Company") announced that
the necessary regulatory approvals in Romania had been received to enable
Dacian Petroleum ("Dacian"), the Romanian oil and gas production company, to
be able to complete its acquisition of an onshore oil and gas production
business in Romania.

 

LMS is now pleased to confirm that completion has occurred and that with
effect from 19 November 2021, all production from the acquired assets belongs
to Dacian. The company is now working with the vendor to achieve a smooth
transfer of operations.

 

LMS has invested US$9.1m in senior loan notes in Dacian and has also acquired
a 32% equity interest in Dacian. Full information on LMS' investment and
background on Dacian is included in the 12 November announcement.

 

 

ENQUIRIES:

 

LMS Capital PLC - 0207 935 3555

 

Robbie Rayne, Chairman

 

Nick Friedlos, Managing Director

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  PFUUUAURANUAUUA