San Leon Energy PLC Payment Received Against MLPL Loan Notes (3425T)
03 July 2018 - 4:00PM
UK Regulatory
TIDMSLE
RNS Number : 3425T
San Leon Energy PLC
03 July 2018
03 July 2018
San Leon Energy plc
("San Leon" or the "Company")
Payment Received Against MLPL Loan Notes
Repayment of Midwestern Leon Petroleum Limited ("MLPL") Loan
Notes (the "Loan Notes")
San Leon Energy plc (the "Company"), the AIM listed company
focused on oil and gas development and appraisal in Africa and
Europe, announced on 29 June 2018 that it had received USD $11
million in satisfaction of payments due for Q2 2018 under the MLPL
Loan Notes (details of which have been described in previous
Company announcements).
The Company now confirms that it has received a further USD $7.7
million in full satisfaction of MLPL's obligations to the Company
for Q2 2018 in respect of the Loan Notes.
A balance of USD $157.7 million of principal remains outstanding
and payable to the Company as of 02 July 2018. Interest continues
to accrue at 17% per annum on the outstanding principal, in
addition to this balance.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
Enquiries:
San Leon Energy plc
Oisin Fanning, Chief Executive (+ 353 1291 6292)
Cantor Fitzgerald Europe (Nominated adviser, financial adviser
and joint broker to the Company)
Nick Tulloch (+44 131 257 4634)
David Porter (+44 207 894 8896)
Whitman Howard Limited (Financial adviser and joint broker to
the Company)
Nick Lovering (+44 20 7659 1234)
Francis North (+44 20 7659 1234)
Brandon Hill Capital Limited (Joint broker to the Company)
Oliver Stansfield (+44 203 463 5000)
Jonathan Evans (+44 203 463 5016)
Vigo Communications (Financial Public Relations)
Chris McMahon (+44 20 7390 0232)
Kate Rogucheva (+44 20 7390 0236)
Plunkett Public Relations
Sharon Plunkett (+353 1 280 7873)
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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