Fenikso Limited Receipt of funds for repayment of US$51.9m loan (0762Y)
02 Mai 2023 - 9:11AM
UK Regulatory
TIDMFNK
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)
Peter Krens +44 20 7186 9030
---------------------
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END
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