Gasol plc Listing of Bond Instrument (2444M)

TIDMGAS

RNS Number : 2444M

Gasol plc

22 August 2013

Gasol plc

('Gasol' or the 'Company')

Listing of Bond Instrument

Gasol, the West African energy development company, today announces it has listed its Bond instrument, announced in a statement to market on 7 March 2013 of up to US$100,000,000, in Dublin on the Irish Stock Exchange. The bonds were listed on 21 August 2013.

The Company has issued US$20,000,000 Bonds on 5 March 2013, which were fully subscribed and remain outstanding. The Bonds have a coupon of 10%, payable semi-annually in arrears on 31 August and 28 February each year, with the last payment date expected to be due 28 February 2016.

- Ends -

Enquiries

 
 Gasol plc 
  Alan Buxton, Chief Operating    +44 (0) 20 7290 
  Officer                          3300 
 Panmure Gordon (UK) Limited 
  Dominic Morley (Corporate 
  Finance) 
  Callum Stewart (Corporate 
  Finance) 
  Adam Pollock (Corporate         +44 (0) 20 7886 
  Broking)                         2500 
                                  +44 (0) 7768 537 
 Yellow Jersey PR Limited          739 
  Dominic Barretto                 +44 (0) 7799 003 
  Kelsey Traynor                   220

Notes to Editors:

About Gasol plc

Gasol plc's strategy is to provide African gas for the next generation. Power stations in West Africa currently operate predominantly on liquid fuels such as diesel, light crude and jet fuel, but many of these plants are also capable of using gas. Gasol will initially supply these customers with gas from regasified Liquefied Natural Gas ("LNG"), which can provide significant cost savings in the order of 20 to 30 per cent. This involves the delivery of LNG to leased Floating Storage and Regasification Facilities, which will be positioned in Cotonou harbour, Benin and will supply the regasified LNG into the West African Gas Pipeline. The West African Gas Pipeline is a 678km gas pipeline involving an investment of over US$1 billion, built to transport gas from Nigeria to Benin, Togo and Ghana which has been operational since March 2011, but today operates at significantly less than full capacity . Once there is sufficient regional demand for gas, Gasol aims to develop captive gas reserves in offshore Nigeria and will supply this gas through the West African Gas Pipeline. This pipeline gas will be cheaper and therefore displace the LNG derived gas, resulting in further savings for customers.

Gasol's shares have been listed on London Stock Exchange's AIM since 2005 with the ticker code "GAS". Further information on the Company is available at www.gasolplc.com.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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