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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Skil Ports & Lg | LSE:SPL | London | Ordinary Share | GG00B53M7D91 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 11.25 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMSPL
RNS Number : 1166K
SKIL Ports & Logistics Limited
16 September 2016
16 September 2016
For immediate release
SKIL Ports & Logistics Limited
(the "Company")
Statement re movement in share price
The Board of SKIL Ports & Logistics Limited notes the recent movement in the Company's share price.
As has been previously announced, the Company has been in discussions with its lead contractor with regards to the final configuration, fit out and specification of the Karanja port and logistics facility (the "Karanja Terminal") in order to optimise port operations. In connection with that, the Company has also been considering its funding options, which may include increasing the current debt facility, securing a strategic partner to invest in the Company's subsidiary operating company, or a placing of new ordinary shares in the Company which would be available to all shareholders, or a combination of the above.
The Board currently estimates that to complete the Karanja Terminal in line with its preferred specification GBP36 million of additional funding is required. The Company can confirm that it has instructed advisers to commence work on a proposed placing and open offer (the "Fundraising") to assist with meeting this funding requirement. There can be no certainty that the Fundraising will proceed, nor as to the quantum, pricing, or timing of any such Fundraising.
Further announcements will be made as appropriate.
This announcement contains inside information.
For further information please contact:
Hot Features
Premium
SPL Pavan Bakhshi/Jay Mehta
C/O Redleaf Communications
+44 (0) 20 382 4769
Cenkos Securities Stephen Keys/Camilla Hume
plc +44 (0) 20 7397 8926
(Nomad and Broker)
Redleaf Communications Charlie Geller/Sam Modlin
(Financial PR) +44 (0) 20 7382 4769
SKIL@redleafpr.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
SPMLFMATMBTBBFF
(END) Dow Jones Newswires
September 16, 2016 11:32 ET (15:32 GMT)
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