Lifting of Court Injunction

RNS Number : 3280I
Petrel Resources PLC
14 April 2022
 

14th April 2022

 

Petrel Resources plc

("Petrel" or "the Company")

 

Lifting of Court Injunction

 

 

Petrel Resources Plc ("Petrel" or "the Company") announces that the High Court injunction over the 32,086,538 Ordinary Shares previously held by the Tamraz Group have been lifted.

 

John Teeling and James Finn have acquired the 32,086,538 shares for £300,000 from EYCP LLC and SRT Capital SPC, Ltd.

 

John Teeling has acquired 21,086,538 shares at a price of .935p per share. Following this purchase John Teeling is the beneficial owner of 26,501,538 Ordinary Shares, representing 16.88% of the issued share capital.

 

James Finn has acquired 11,000,000 shares at a price of .935p per share. Following this purchase James Finn is the beneficial owner of 12,785,385 Ordinary Shares, representing 8.14% of the issued share capital.

 

Ends

 

 

For further information please visit http://www.petrelresources.com/ or contact:

 

Petrel Resources


David Horgan, Chairman

+353 (0) 1 833 2833

John Teeling, Director




Nominated Adviser and Broker


Beaumont Cornish - Nominated Adviser 
Roland Cornish

Felicity Geidt

 


+44 (0) 020 7628 3396

 

Novum Securities Limited - Broker 
Colin Rowbury

 

+44 (0) 20 399 9400

 



BlytheRay - PR
Megan Ray
Madeleine Gordon-Foxwell

+44 (0) 207 138 3206

+44 (0) 207 138 3553

+44 (0) 207 138 3208



Teneo

Luke Hogg

Alan Tyrrell

Ciara Wylie

 

+353 (0) 1 661 4055

+353 (0) 1 661 4055

+353 (0) 1 661 4055

 

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