Director Loan - Update

RNS Number : 4457L

Lekoil Limited

10 September 2021

 

10 September 2021

Lekoil Limited

("LEKOIL" or the "Company")

Director Loan - Update

LEKOIL (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa, notes that pursuant to the loan agreement between the Company and Mr. Olalekan Akinyanmi (as previously disclosed to the market), Mr. Akinyanmi was due to repay US$394,581 on 9 September 2021.  The Company notes that it has not received the repayment due and that it has commenced legal proceedings to recover the amounts due and owing to the Company.

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 information on the Company, please visit www.lekoilplc.com or contact:

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

 

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