REG - Star Energy Group - Completion of Sale of Non-core Asset

Star EnergyAnnouncement

22/04/2025 18:00

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RNS Number : 7455F  Star Energy Group PLC  22 April 2025

22 April 2025

 

This information communicated within this announcement is deemed 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"), and is disclosed in accordance with the
Company's obligations under Article 17 of MAR. Upon the publication of this
announcement, this inside information is now considered to be in the public
domain.

 

Star Energy Group plc

("Star Energy" or the "Company")

 

Completion of Sale of Non-core Asset

 

Star Energy Group plc (AIM: STAR) is pleased to announce the successful
completion of the sale of its non-core asset, the Holybourne site in Alton,
Hampshire, for a consideration of £6.3 million. The site, previously the
location of Star's decommissioned Holybourne Oil Terminal, has now been
transferred to the new owners following the satisfaction of all sale
conditions.

 

This transaction is a key part of Star's strategy to streamline operations and
focus on its core assets.  The funds received will be used for the general
purposes of the group including deleveraging the business and supporting
ongoing projects.

For further information please contact:

 

 Star Energy Group plc                                           Tel: +44 (0) 207 993 9899

 Ross Glover, Chief Executive Officer

 Frances Ward, Chief Financial Officer

 Zeus (Nominated Adviser & Broker)                                Tel: +44 (0) 203 829 5000

 Antonio Bossi, Alexandra Campbell-Harris (Investment Banking)

 Simon Johnson (Corporate Broking)

 Vigo Consulting                                                 Tel: +44 (0) 207 597 5970

 Patrick d'Ancona, Finlay Thomson, Kendall Hill

 

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