Fenikso Limited Notification of Investment
November 06 2024 - 1:00AM
RNS Regulatory News
RNS Number : 0792L
Fenikso Limited
06 November 2024
This announcement contains information which, prior to its
disclosure, was inside information as stipulated under Regulation
11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310
(as amended). Upon the publication of this announcement via a
Regulatory Information Service, this inside information is now
considered to be in the public domain.
06 November
2024
Fenikso
Limited
("Fenikso" or "the Company")
Notification of
Investment
Fenikso Limited (AQSE: FNK)
announces that, further to the announcement made on 16 August
2024, it has provided an additional
secured convertible loan of US$250,000 to Coro Energy PLC ("Coro") (the
"Investment"), bringing the total amount of the
secured convertible loan provided to Coro to US$500,000. The
Investment remains below 5% of the Company's assets however the
Company notes the announcement by Coro of the Related Party
transaction and has disclosed below the related party nature of the
transaction.
Rule 4.6 Statement
Tom Richardson, Chairman of Fenikso
is also a Director of Coro Energy PLC, the directors (other than
Tom Richardson) confirm that, having exercised reasonable care,
skill and diligence, the related party transaction is fair and
reasonable as far as the shareholders of the issuer are
concerned.
For further information, please
visit www.feniksoplc.com
or contact:
|
Fenikso Limited
Thomas Richardson,
Chairman
|
info@feniksoplc.com
|
|
First Sentinel Corporate Finance Ltd (AQSE Corporate
Adviser)
Brian Stockbridge
|
+44 203
855 5551
|
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END
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