Fenikso Limited Receipt of funds for repayment of US$51.9m loan (3120H)
July 26 2023 - 11:06AM
UK Regulatory
TIDMFNK
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
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END
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