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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Fenikso Limited | AQSE:FNK | Aquis Stock Exchange | Ordinary Share | KYG5462G1073 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.15 | 1.00 | 1.30 | 1.15 | 1.10 | 1.10 | 0.00 | 08:01:40 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jun 2023 to Jun 2024
TIDMFNK
RNS Number : 7672X
Fenikso Limited
22 December 2023
Fenikso Limited
Receipt of funds for repayment of US$51.9m loan
22(nd) December 2023: Fenikso Limited (AQSE: FNK) (the "Company"), the Cayman Islands enterprise company formerly known as Lekoil Limited, announces the receipt of funds under the Lekoil & Gas Investments ("LOGI") Loan entered in to on 31 December 2022 as part of the Fenikso restructuring. Fenikso Limited received US$695,521 as partial repayment of the loan of US$51,919,467 the remaining balance is US$45,187,584 . The amount received equates to 8.65% of the most recent payment from crude oil sales received by LOGI. The next payment is scheduled before the end of January 2024. The proceeds will go towards repaying the Savanah Energy Investments Limited loan, which currently has an outstanding balance of US$14,061,409and towards building up cash in Fenikso. Post the payment to Savanah Energy the Company expects to have over US$2,000,000 of cash on its balance sheet.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.
For further information, please visit www. feniksoltd.com or contact:
First Sentinel Corporate Finance Ltd (AQSE Corporate Adviser) Brian Stockbridge +44 203 989 2200
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
NEXNKBBKFBDKCBB
(END) Dow Jones Newswires
December 22, 2023 03:11 ET (08:11 GMT)
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