Convertible Facility update

RNS Number : 4878E

Lekoil Limited

11 March 2022

 

11 March 2022

Lekoil Limited

("LEKOIL" or the "Company")

Convertible Facility update

LEKOIL (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa, is pleased to announce that the Grand Court of the Cayman Islands has discharged the injunction bought by Mr. Akinyanmi on the issuance of shares.  The Company has advised the Court that it will be applying to recover its costs from the Plaintiff.

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.lekoilplc.com or contact:

SP Angel Corporate Finance LLP (Nominated Adviser and Joint Broker) Jeff Keating / Stuart Gledhill	[phone]
Tennyson Securities (Joint Broker) Peter Krens / Edward Haig-Thomas	[phone]

 

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