Fenikso Limited

Declaration of Voting Results & Voting Rights Announcements • Nov 28, 2023

National Storage Mechanism | Additional information

RNS Number : 9097U

Fenikso Limited

28 November 2023

28 November 2023

Fenikso Limited

("Fenikso" or "the Company")  

Receipt of funds for repayment of US$51.9m loan

Fenikso Limited (AQSE: FNK), the Cayman Islands enterprise company, announces the receipt of funds under the Lekoil & Gas Investments ("LOGI") Loan entered in to on 31 December 2022 as part of the Fenikso restructuring. Fenikso Limited received US$884,976 as partial repayment of the loan of US$51,919,467 the remaining balance is US$45,883,105. The amount received equates to 8.65% of the most recent payment from crude oil sales received by LOGI. The next payment is scheduled before the end of December. The proceeds will go towards repaying the Savanah Energy Investments Limited loan and towards building up cash in Fenikso. Post the payment to Savanah Energy the Company expects to have over US$1,500,000 of cash on its balance sheet.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.

For further information, please visit www.feniksoltd.com or contact:

Fenikso Limited      Thomas Richardson, Chairman	[email protected]
First Sentinel Corporate Finance (AQSE Corporate Adviser)  Brian Stockbridge	+44 (0)20 3855 5551

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 [email protected] 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

NEXNKFBDCBDKFDB