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FNK Fenikso Limited

1.15
0.00 (0.00%)
14 Jun 2024 - Closed
Realtime Data
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 0.80 1.40 1.15 1.05 1.15 0.00 16:29:54
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Fenikso Limited Receipt of funds for repayment of US$51.9m loan

25/01/2024 7:00am

RNS Regulatory News


RNS Number : 8370A
Fenikso Limited
25 January 2024
 

25th January 2024

Fenikso Limited

Receipt of funds for repayment of US$51.9m loan

Fenikso Limited (AQSE: FNK) (the "Company"), the Cayman Islands enterprise company, 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$806,299 as partial repayment of the loan of US$51,919,467 the remaining balance is US$44,381,285. 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 February 2024. The proceeds will go towards repaying the Savanah Energy Investments Limited loan, which currently has an outstanding balance of US$13,915,028 and towards building up cash in Fenikso. Post the payment to Savanah Energy the Company expects to have over US$2,500,000 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:

 

Fenikso Limited      

Thomas Richardson, Chairman     

info@feniksoplc.com    

First Sentinel Corporate Finance (AQSE Corporate Adviser)  

Brian Stockbridge  

   

+44 (0) 20 3855 5551  

 

 

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.

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