Termination of Acquisition, Restoration of Listing

RNS Number : 6290P

Senterra Energy PLC

21 November 2016

 

For immediate release                                                                      07.31 21 November 2016

Senterra Energy plc

("Senterra" or the "Company")

Termination of Acquisition

and

Restoration of Listing

The Directors of Senterra announce that the transaction contemplated in the non-binding letter of intent ("LOI") announced on 23 May 2016 ("Announcement") to acquire the entire issued share capital of Oasis Smart Sim PTE Ltd ("Oasis"), has been terminated by Oasis.

The Announcement also referred to the possibility of a short-term loan being provided by the Company to Oasis; however no such loan has been or will be made.

The board is disappointed that Oasis have chosen to withdraw from the transaction at this late stage. However, the Directors believe that there continues to be other attractive businesses and technologies available for acquisition. The board believes that a replacement transaction will be found and hopes to be in a position to update shareholders in the near future.

The Company have requested the restoration of listing of the Company's ordinary shares with effect from 7.30 a.m. on 21 November 2016.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For more information:

Senterra Energy plc (Company)
Jeremy King	[phone]
Optiva Securities Limited (Broker)
Christian Dennis	[phone]
Beaumont Cornish Limited (Financial Adviser)
Roland Cornish and Felicity Geidt	[phone]

 

END

 

 

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