Petroneft Resources PLC Suspension of trading on AIM and Euronext (6052E)

TIDMPTR

RNS Number : 6052E

Petroneft Resources PLC

30 June 2023

PetroNeft Resources plc

30 June 2023

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

Suspension of trading on AIM and Euronext pending publication of annual accounts

Further to an announcement on 14 June 2023, PetroNeft reiterates that the Company will not be able to publish its audited annual report and accounts for the year ended 31 December 2022 (the "Accounts") by close of business today, 30 June 2023, as required by the AIM Rules and Euronext Growth Rules (collectively "the Rules"). The Company continues to try to source an auditor which remains challenging due to the Company owning and managing assets within the Russian Federation in the current environment.

Dealings in the Company's ordinary shares will therefore be suspended from 7.30 a.m. on Monday 3 July 2023 until such time as the Accounts have been duly published. Should the Accounts not be published by 31 December 2023, the Company's admission to AIM and Euronext Growth will be cancelled.

Notwithstanding the suspension of trading in the Ordinary Shares, the Company will continue to make announcements as and when there are any developments that require announcement under the Rules.

For further information, contact:

 
 Pavel Tetyakov, Chief Executive Officer, PetroNeft    +353 1 647 
  Resources plc                                         0280 
 Brian Garrahy/Ciara, Davy (NOMAD and Corporate        +353 1 679 
  Broker)                                               6363 
                                                       +353 1 498 
 Douglas Keatinge, 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 [e-mail] 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

MSCFMMJTMTJJBLJ

(END) Dow Jones Newswires

June 30, 2023 09:43 ET (13:43 GMT)