San Leon Energy PLC NOMAD Termination (5580U)

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RNS Number : 5580U

San Leon Energy PLC

07 April 2016

7 April 2016

San Leon Energy Plc

("San Leon" or "the Company")

NOMAD Termination

San Leon Energy Plc, the AIM listed company focused on oil and gas exploration and production in Europe and Africa, announces that on 16(th) March 2016 it provided Notice of Termination to its Nominated Advisor ("NOMAD"), Stockdale Securities Ltd ("Stockdale"). The Company immediately commenced the process of finding and appointing a new NOMAD, and that process is well advanced.

The Company today terminated Stockdale's appointment as NOMAD with immediate effect on the grounds of breach by Stockdale of its agreement with the Company. The Company will update the market when its new NOMAD has been appointed. AIM Rules state that if the Company fails to appoint a new NOMAD within one month its shares will be delisted from AIM, but as stated above we are confident that the new appointment will be made well within that period.

Enquiries:

 
 San Leon Energy plc 
  Oisin Fanning, Executive 
  Chairman                    [phone] 
 
 Brandon Hill Capital 
  Oliver Stansfield           +44 (0) 20 
  Jonathan Evans               3463 5000 
 finnCap Ltd 
  Corporate Finance 
  Matt Goode 
  Christopher Raggett 
  Corporate Broking           +44 (0) 20 
  Joanna Weaving               7220 0500 
 Macquarie Capital 
  (Europe) Limited            +44 (0) 20 
  Jon Fitzpatrick              3037 2000 
 Vigo Communications 
  Financial Public 
  Relations 
  Chris McMahon               +44 (0) 20 
  Alexandra Roper              7830 9700 
 Plunkett Public Relations    +353 (0) 1 
  Sharon Plunkett              280 7873 
 

www.sanleonenergy.com

This information is provided by RNS

The company news service from the London Stock Exchange

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April 07, 2016 11:53 ET (15:53 GMT)