NOMAD Termination

RNS Number : 5580U

San Leon Energy PLC

07 April 2016

 

7 April 2016

San Leon Energy Plc

("San Leon" or "the Company")

NOMAD Termination

San Leon Energy Plc, the AIM listed company focused on oil and gas exploration and production in Europe and Africa, announces that on 16^th March 2016 it provided Notice of Termination to its Nominated Advisor ("NOMAD"), Stockdale Securities Ltd ("Stockdale").  The Company immediately commenced the process of finding and appointing a new NOMAD, and that process is well advanced. 

The Company today terminated Stockdale's appointment as NOMAD with immediate effect on the grounds of breach by Stockdale of its agreement with the Company. The Company will update the market when its new NOMAD has been appointed.  AIM Rules state that if the Company fails to appoint a new NOMAD within one month its shares will be delisted from AIM, but as stated above we are confident that the new appointment will be made well within that period.

Enquiries:

San Leon Energy plc  Oisin Fanning, Executive Chairman	[phone]
Brandon Hill Capital Oliver Stansfield Jonathan Evans	[phone]
finnCap Ltd  Corporate Finance Matt Goode Christopher Raggett Corporate Broking Joanna Weaving	[phone]
Macquarie Capital (Europe) Limited Jon Fitzpatrick	[phone]
Vigo Communications Financial Public Relations Chris McMahon Alexandra Roper	[phone]
Plunkett Public Relations Sharon Plunkett	[phone]

www.sanleonenergy.com 

 

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