Mart Arrangement Agreement Completed

RNS Number : 9854T

San Leon Energy PLC

04 April 2016

 

4 April 2016

San Leon Energy Plc

("San Leon" or "the Company")

Nigerian Onshore Production Deal - Mart Arrangement Agreement Completed

San Leon Energy Plc (the "Company"), the AIM listed company focused on oil and gas exploration and production in Europe and Africa, announces that, further to its press release of 22 March 2016, the Mart Arrangement Agreement has now completed, effective 24 March 2016.

San Leon requires shareholder approval and other regulatory approvals to benefit from San Leon's shares in BidCo, which are pledged to the debt investor. Completion of this part of the transaction is not expected per se to constitute a reverse takeover under the AIM Rules but the Company will make a further announcement in due course to confirm this.

Enquiries:

San Leon Energy plc  Oisin Fanning, Executive Chairman	[phone]
Brandon Hill Capital Oliver Stansfield Jonathan Evans	[phone]
finnCap Ltd  Corporate Finance Matt Goode Christopher Raggett Corporate Broking Joanna Weaving	[phone]
Macquarie Capital (Europe) Limited Jon Fitzpatrick	[phone]
Stockdale Securities Ltd Nominated Adviser Robert Finlay Antonio Bossi	[phone]
Vigo Communications Financial Public Relations Chris McMahon Alexandra Roper	[phone]
Plunkett Public Relations Sharon Plunkett	[phone]

www.sanleonenergy.com 

 

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