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PTR.GB PetroNeft Resources Plc

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Share Name Share Symbol Market Type Share ISIN Share Description
PetroNeft Resources Plc AQSE:PTR.GB Aquis Stock Exchange Ordinary Share IE00B0Q82B24
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.075 0.00 -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - -

Petroneft Resources PLC Company Update (6280P)

10/02/2023 3:35pm

UK Regulatory (RNS & others)

PetroNeft Resources (AQSE:PTR.GB)
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From Oct 2022 to Oct 2023

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RNS Number : 6280P

Petroneft Resources PLC

10 February 2023

PetroNeft Resources plc

10 February 2023

PetroNeft Resources plc. ('PetroNeft' or 'the Company')

Company Update

Further to the announcement by the Company on 25(th) November 2022 of the start of a strategic asset review, PetroNeft now announces that the Company has received an expression of interest from Pavel Tetyakov (CEO of PetroNeft), that may or may not lead to an offer being made to acquire the Company's Russian assets.

The Company has now constituted an independent committee , to review any offers and to consider all other viable options. It will seek an independent assessment of the fairness of any offer as part of its due process. The members of the committee will include, Mr. Sacca, Mr. Jersing, Mr. Sturt and Miss Shaftelskaya. Any sale of the Russian assets would be conditional on shareholder and other applicable regulatory approvals. There can be no certainty that a sale will take place.

The Company will make further announcements in due course.

This announcement contains inside information within the meaning of the EU Market Abuse Regulation 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 David Sturt, Executive Chairman, PetroNeft Resources    +353 1 647 
  plc                                                     0280 
 Brian Garrahy/Ciara O'Mongain, Davy (NOMAD and          +353 1 679 
  Corporate Broker)                                       6363 
                                                         +353 1 498 
 Paul O'Kane, Murray Consultants                          0300 

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) Dow Jones Newswires

February 10, 2023 10:35 ET (15:35 GMT)

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