Appointment of nominated adviser

RNS Number : 5747X

San Leon Energy PLC

06 May 2016

 

6 May 2016

San Leon Energy Plc

("San Leon" or "the Company")

Appointment of nominated adviser and joint brokers, directorate change and transaction update

Nomad Appointment

San Leon Energy Plc, the AIM listed company focused on oil and gas exploration and production in Europe and Africa, announces that it has today appointed SP Angel Corporate Finance LLP ("SP Angel") as its Nominated Adviser. 

Joint Broker Appointments

In addition to Brandon Hill Capital Limited, the Company has appointed SP Angel and Whitman Howard Limited as joint brokers with immediate effect.

Directorate Change

Piotr Rozwadowski has resigned from his Non-Executive Director position, effective 5^th May 2016.  The Company is very grateful to Piotr for his years of service, and in particular his Polish industry expertise, and wishes him well for the future.

Proposed Board appointments to strengthen the Board will be announced at the same time as the publication of the AIM re-admission document.

Transaction Update

The Mart Transaction, which completed on 24 March 2016, is the first part of the acquisition of a Nigerian onshore production deal (the "Acquisition") announced on 22 January 2016. The Acquisition, if completed, will constitute a Reverse Takeover under Rule 14 of the AIM Rules.  Accordingly, the Company's shares will remain suspended from trading on AIM, pending either the publication of a re-admission document or confirmation that the Acquisition is not proceeding.

Enquiries:

San Leon Energy plc  Oisin Fanning, Executive Chairman	[phone]
SP Angel Corporate Finance LLP Nominated Adviser Ewan Leggat Richard Morrison Richard Hail	[phone]
Brandon Hill Capital Limited Oliver Stansfield Jonathan Evans  Whitman Howard Limited Nick Lovering Francis North	[phone] [phone]
Vigo Communications Financial Public Relations Chris McMahon Alexandra Roper	[phone]
Plunkett Public Relations Sharon Plunkett	[phone]

www.sanleonenergy.com

 

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