San Leon Energy PLC Statement re: litigation (2501K)
20 September 2016 - 2:27AM
UK Regulatory
TIDMSLE
RNS Number : 2501K
San Leon Energy PLC
19 September 2016
19 September 2016
San Leon Energy plc
("San Leon" or the "Company")
Statement re: litigation
San Leon notes the recent press article regarding outstanding
legal fees due to Herbert Smith Freehills. Herbert Smith Freehills
LLP obtained a judgement against San Leon Energy in the High Court
on 12 May 2016 for approximately GBP500,000. The Company confirms
that this amount was included in the amount set aside for repayment
of current creditors within the breakdown of the use of placing
proceeds set out in the Company's admission document published on
26 August 2016 and in current creditors in the final results
announcement made on 29 June 2016. The Company was unaware that the
applicable court summons had been issued and has subsequently
agreed with Herbert Smith Freehills LLP that such payment will be
made by 30 September 2016.
Enquiries:
San Leon Energy plc
Oisin Fanning, Executive Chairman
+353 1291 6292
Brandon Hill Capital Limited
Joint Broker
Oliver Stansfield
Jonathan Evans
+44 (0) 20 3463 5000
SP Angel Corporate Finance LLP
Nominated Adviser and Joint Broker
Ewan Leggat
Richard Morrison
+44 (0) 20 3470 0470
Whitman Howard Limited
Joint Broker
Nick Lovering
Francis North
+44 (0) 20 7659 1234
Vigo Communications
Financial Public Relations
Chris McMahon
Alexandra Roper
+44 (0) 20 7830 9700
Plunkett Public Relations
Sharon Plunkett
+353 (0) 1 280 7873
This information is provided by RNS
The company news service from the London Stock Exchange
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September 19, 2016 12:27 ET (16:27 GMT)