San Leon Energy PLC Execution of New ELI Investments documentation (0435T)
20 Luglio 2022 - 8:00AM
UK Regulatory
TIDMSLE
RNS Number : 0435T
San Leon Energy PLC
20 July 2022
20 July 2022
San Leon Energy plc
("San Leon" or the "Company")
Execution of New ELI Investments documentation
San Leon, the independent oil and gas production, development
and exploration company focused on Nigeria announces that, further
to the Company's AIM Admission Document published on 8 July 2022
(the "Admission Document"), the documents in respect of the New ELI
Investment have now been signed by the relevant parties, being ELI
Malta and San Leon Energy Financing.
The New ELI Investment comprises of:
(i) the New ELI Loan from San Leon to ELI of US$16,000,000 at a
coupon of 14% per annum over four years and repayable quarterly
following a one-year moratorium; and
(ii) the New ELI Subscription at nominal value of a further 10
per cent. of ELI's diluted share capital.
Details of the New ELI Investment, which remains conditional,
amongst other things, on San Leon shareholder approval at the EGM
convened for 5 August 2022, were announced by the Company on 8 July
2022 and can be found in the Admission Document which is available
on the Company's website: https://www.sanleonenergy.com .
Unless otherwise defined herein, the capitalised defined terms
used in this announcement have the same meaning as those used in
the Admission Document.
Enquiries:
San Leon Energy plc +353 1291 6292
Oisin Fanning, Chief Executive
Julian Tedder, Chief Financial Officer
Allenby Capital Limited
(Nominated adviser and joint broker to the Company) +44 20 3328 5656
Nick Naylor
Alex Brearley
Vivek Bhardwaj
Panmure Gordon & Co
(Joint broker to the Company) +44 20 7886 2500
Nick Lovering
James Sinclair-Ford
Tavistock
(Financial Public Relations) +44 20 7920 3150
Nick Elwes
Simon Hudson
Plunkett Public Relations +353 1 230 3781
Sharon Plunkett
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END
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