JKX Oil & Gas PLC 2nd 2015 Poltava rental fee claim closed for PPC (6205Q)
22 Ottobre 2019 - 08:00AM
UK Regulatory
TIDMJKX
RNS Number : 6205Q
JKX Oil & Gas PLC
22 October 2019
LEI: 213800AS2I1XUAGQ6F27
22 October 2019
JKX Oil & Gas plc
("JKX" or "the Company")
Second 2015 Poltava rental fee claim closed in favour of PPC
As previously reported, in April 2019 the Poltava Circuit
Administrative Court found in favour of Poltava Petroleum Company
("PPC"), JKX's Ukrainian subsidiary, in relation to Case No.
816/688/16 and ruled that the relevant tax notification decisions
previously issued against PPC were illegal. The decisions were
consequently cancelled together with the additional tax liability
and associated penalties of approximately UAH58m (approximately
US$2.3m in total). The Ukrainian Tax Authorities failed to file a
Supreme Court appeal within the required time and the judgement of
the Poltava Circuit Administrative Court is now binding.
The cancellation of the relevant tax obligations is now
reflected in the integrated electronic tax card of PPC. This is the
second 2015 Poltava rental fee claim closed in favour of PPC.
ENDS
JKX Oil & Gas plc +44 (0) 20 7323 4464
Ben Fraser, CFO
EM +44 (0) 20 7002 7860
Stuart Leasor, Jeroen van de Crommenacker
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END
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