Receipt of funds for repayment of US$51.9m loan

Fenikso Limited

04 June 2025

 

Fenikso Limited

Receipt of funds for repayment of US$51.9m loan

 4^th June 2025: Fenikso Limited (AQSE: FNK) (the "Company"), the Cayman Islands enterprise company, announces the receipt of funds under the Lekoil & Gas Investments ("LOGI") Loan entered in to on 31 December 2022 as part of the Fenikso restructuring. Fenikso Limited received US$553,669.47 as partial repayment of the loan of US$51,919,467 the remaining balance is US$36,791,908. The amount received equates to 8.65% of the most recent payment from crude oil sales received by LOGI. The next payment is scheduled for August 2025. The proceeds will go towards paying down the Savanah Energy Investments Limited loan ("SEIL Loan"). After this payment US$2,709,042 will be remaining under the SEIL Loan which is payable on or before 31 December 2025, in accordance with the renegotiated terms of the SEIL Loan announced on 25 April 2025.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.

For further information, please visit www.feniksoltd.com or contact:

Fenikso Limited Tom Richardson, Chairman	[e-mail]
First Sentinel Corporate Finance Ltd (AQSE Corporate Adviser) Brian Stockbridge	([phone]

 

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