Debt Free

RNS Number : 9385X

Trinity Exploration & Production

16 August 2018

 

THIS ANNOUNCEMENT, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF SUCH JURISDICTIONS.

THE INFORMATION COMMUNICATED IN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF MARKET ABUSE REGULATION EU NO. 596/2014. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA REGULATORY NEWS SERVICE THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

Trinity Exploration & Production plc

("Trinity" or "the Company")

Debt Free

Trinity Exploration & Production plc (AIM: TRIN), the independent exploration and production company focused on Trinidad, is pleased to announce that it has now repaid all outstanding debt to the remaining holders of the convertible redeemable loan notes issued by the Company (the "Loan Notes"), and thereby completes the full repayment of all outstanding debt.

Bruce A. I. Dingwall CBE, Executive Chairman of Trinity, commented: 

"We are delighted to have repaid early all of our outstanding debts and now being debt free allows us to remain fully focused on the future. Moving forward with a clean balance sheet and a strong inventory of growth opportunities means we look to the future with confidence and are ideally positioned to take advantage of future opportunities as the environment in Trinidad & Tobago evolves."

Enquiries

For further information please visit www.trinityexploration.com or contact:

Trinity Exploration & Production plc	[phone]
Bruce Dingwall CBE, Executive Chairman Jeremy Bridglalsingh, Chief Financial Officer Tracy Mackenzie, Corporate Development Manager
SPARK Advisory Partners Limited (Nominated Adviser and Financial Adviser)	[phone]
Mark Brady Miriam Greenwood Andrew Emmott
Cenkos Securities PLC (Broker)
Joe Nally (Corporate Broking) Neil McDonald Beth McKiernan Derrick Lee Pete Lynch	[phone] [phone]
Whitman Howard Limited (Equity Adviser)	[phone]
Nick Lovering Hugh Rich
Walbrook PR Limited	[phone]
Nick Rome	[e-mail]

 

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