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SYN Synergia Energy Ltd

0.1075
-0.0075 (-6.52%)
13 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Synergia Energy Ltd LSE:SYN London Ordinary Share AU0000233538 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.0075 -6.52% 0.1075 0.105 0.11 0.115 0.1075 0.115 32,329,628 09:20:50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 1.3M -5.38M -0.0006 -1.83 9.26M

Synergia Energy Ltd Financing Update

11/03/2024 7:00am

RNS Regulatory News


RNS Number : 2361G
Synergia Energy Ltd
11 March 2024
 

RNS Announcement

 

11 March 2024

AIM: SYN

 

Financing Update

 

Synergia Energy Ltd (AIM: SYN) (the "Company") provides an update in relation to the 9 March 2024 maturity date of the 6,500 convertible loan notes issued by the Company effective 9 March 2023.

The Company will this week repay in cash the sum of GBP386,451 including interest in respect of 5,430 notes and has agreed to repay in cash the sum of GBP188,688 including interest on or around 30 September 2024 in respect of 1,750 notes.

The Company will issue 140,455,821 new ordinary shares of the Company in relation to conversion of the balance of the convertible loan notes. An application for the admission to trading on AIM of these new ordinary shares is expected to be made in early April.

Per the Company's announcement of 14 February 2024, the Company has signed a farm-out agreement with Selan Exploration Technology Limited (Selan) to transfer 50% of the Cambay PSC to Selan and awaits Government of India approval for the transfer, which will trigger the payment of US$2.5m to the Company. 

 

In order to minimise equity dilution for shareholders, the Company has obtained loan funding from existing investors of GBP400,000 on commercial terms and on an unsecured basis.

 

Further, the Company has noted recent market speculation / rumours suggesting that the Company was completing an equity financing and can confirm the Company has no plans to finance the Company by way of equity at this current time.

 

 

For and on behalf of Synergia Energy Ltd

 

 

Roland Wessel

CEO

 

For further information, please contact:

Investor Enquires

Synergia Energy Ltd

Briana Stayt

Investor Relations

Email: 

bstayt@synergiaenergy.com

Tel: +61 8 9485 3200

Australia

AIM Joint Broker

Panmure Gordon (UK) Ltd

Broker

Mark Murphy / Hugh Rich / Freddie Wooding

Tel: +44 (0)20 7886 2500

UK

AIM Joint Broker

Novum Securities

Broker

Colin Rowbury

Email: 

crowbury@novumsecurities.com

Tel: +44 20 7399 9427

UK

AIM Nominated Adviser

Strand Hanson Limited

Nominated Adviser

Ritchie Balmer / Rory Murphy

Tel: +44 20 7409 3494

UK

Media Enquires (UK)

Vigo Consulting

Investor Relations

Patrick d'Ancona / Finlay Thomson

Email:

patrick.dancona@vigoconsulting.com

finlay.thomson@vigoconsulting.com

Tel:+ 44 20 7390 0230

UK

 

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