Director Loan - update of legal claims

RNS Number : 2727Z

Lekoil Limited

21 January 2022

 

21 January 2022

Lekoil Limited

("LEKOIL" or the "Company")

Director Loan - update of legal claims

LEKOIL (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa, notes that as previously announced, the English courts have declined jurisdiction with respect to the Company's lawsuit brought for the recovery of the CEO loan made to Mr. Olalekan Akinyanmi.  The Company notes that it has now received the final order of the Court, which includes a requirement for the Company to pay £85,550 towards the costs incurred by Mr. Akinyanmi, with payment on or prior to 8 February 2022. 

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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