Renegotiation of Savanah Investments Limited Loan

Fenikso Limited

25 April 2025

 

Fenikso Limited

Renegotiation of Savanah Investments Limited Loan

25^th April 2025: Fenikso Limited (AQSE: FNK) (the "Company"), the Cayman Islands enterprise company, refers to the Savanah Energy Investments Limited loan. The loan currently has an outstanding balance of US$11,525,424 and it has been agreed that it will be settled for US$5,762,712. Fenikso has agreed to pay US$2,500,000 immediately on signing with the remaining US$3,262,712 payable on or before the 31^st December 2025. Post the repayment to Savanah Energy, the Company expects to have over US$1,500,000 of cash and investments on its balance sheet.  

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 Thomas Richardson, Chairman	[e-mail]
First Sentinel Corporate Finance AQSE Corporate Adviser Brian Stockbridge	([phone]

 

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