Fenikso Limited Notification of Investment

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	[e-mail]
First Sentinel Corporate Finance Ltd (AQSE Corporate Adviser) Brian Stockbridge	[phone]

 

 

 

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