Fenikso Limited Receipt of funds for repayment of US$51.9m loan (1644L)
September 01 2023 - 7:29AM
UK Regulatory
TIDMFNK
RNS Number : 1644L
Fenikso Limited
01 September 2023
1 September 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$800,785 as partial repayment of the loan of US$51,919,467 the
remaining balance is US$47,760,755 . 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 October.
The proceeds will go towards 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 (AQSE Corporate Adviser)
Brian Stockbridge +44 203 989 2200
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END
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September 01, 2023 08:29 ET (12:29 GMT)
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