JKX Oil & Gas PLC 2015 Poltava rental fee claim closed in favour PPC (2117E)
July 02 2019 - 7:00AM
UK Regulatory
TIDMJKX
RNS Number : 2117E
JKX Oil & Gas PLC
02 July 2019
LEI: 213800AS2I1XUAGQ6F27
2 July 2019
JKX Oil & Gas plc
("JKX")
2015 Poltava rental fee claim closed in favour of PPC
As previously reported, in May 2019 the Kharkiv Appellate
Administrative Court confirmed the earlier judgment of the first
instance court that the tax notification decisions issued to
Poltava Petroleum Company ("PPC") and contested in case No.
816/845/16 are illegal and cancelled them together with the
additional tax liability and associated penalties of approximately
UAH9m (US$0.3m). It was also previously reported that this decision
might be subject to one final level of appeal in the Supreme Court
of Ukraine.
The Supreme Court of Ukraine has now refused to accept the
cassation complaint of the Poltava Tax Authorities for procedural
reasons and therefore this appeal will not take place. The case is
closed in favour of PPC.
This announcement contains inside information as defined in EU
Regulation No. 596/2014 and is in accordance with the Company's
obligations under Article 17 of that Regulation.
ENDS
JKX Oil & Gas plc +44 (0) 20 7323 4464
Ben Fraser, CFO
EM Communications +44 (0) 20 7002 7860
Stuart Leasor, Jeroen van de Crommenacker
This information is provided by RNS, the news service of the
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contact rns@lseg.com or visit www.rns.com.
END
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