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Fenikso Limited - Receipt of funds for repayment of US$51.9m loan

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Fenikso Limited · FNK

02/05/2023 08:11

Fenikso Limited - Receipt of funds for repayment of US$51.9m loan
RNS Number : 0762Y
Fenikso Limited
02 May 2023

02 May 2023

Fenikso Limited


("Fenikso" or "the Company")  


Receipt of funds for repayment of US$51.9m loan


Fenikso Limited (AQSE: FNK) (the "Company"), the Cayman Islands enterprise company formerly known as Lekoil Limited, announces the receipt of funds under the Lekoil & Gas Investments ("LOGI") Loan entered in to on 31 December 2022 as part of the Fenikso restructuring. Fenikso Limited received US$613,892 as partial repayment of the loan of US$51,919,467 the remaining balance is US$49,948,443. The amount received equates to 8.65% of the most recent payment from crude oil sales received by LOGI. The next payment is scheduled for the beginning of June. The proceeds will go towards reducing the creditor balance at the Company which is currently in excess of US$1,100,000.


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 or contact:


Fenikso Limited  

Thomas Richardson Chairman 


First Sentinel Corporate Finance Ltd (AQSE Corporate Adviser)  

Brian Stockbridge  


+44 203 989 2200  

Tennyson Securities (Broker)  

Peter Krens  

+44 20 7186 9030  






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