Strategic Investment and Structuring update

RNS Number : 5467D
Lekoil Limited
03 March 2022
 

3 March 2022

 

Lekoil Limited

("LEKOIL" or the "Company")

Strategic Investment and Structuring update

LEKOIL (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa, notes the announcement from Lekoil Nigeria Limited of 2 March 2022 concerning Mr. Olalekan Akinyanmi ex parte interim injunction in the Grand Court of the Cayman Islands to restrain the issue of shares by the Company.  The Company is awaiting the final terms of the order so it can assess its position and notes that the application was made, and the order was granted, without the Company having the opportunity to state its position.  Further announcements will be made as appropriate.

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

 

+44 20 3470 0470

Tennyson Securities (Joint Broker)

Peter Krens / Edward Haig-Thomas

+44 20 7186 9030

 

 

 

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