Star Phoenix Group Ltd Debt restructure and RRTL sale update (3373A)
January 20 2020 - 6:24AM
UK Regulatory
TIDMSTA
RNS Number : 3373A
Star Phoenix Group Ltd
20 January 2020
Star Phoenix Group Ltd
("Star Phoenix" or "the Company")
20 January 2020
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 ("MAR"). UPON THE
PUBLICATION OF THIS ANNOUNCEMENT VIA REGULATORY INFORMATION SERVICE
("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE
PUBLIC DOMAIN.
DEBT RESTRUCTURE AND RRTL SALE UPDATE
Star Phoenix (AIM: STA), an international company with oil and
gas projects and oilfield service businesses in Trinidad and
Indonesia, is pleased to advise that shareholders of LandOcean
Energy Services Co., Ltd. ("LandOcean") have approved transaction
relating to the sale of Range Resources Trinidad Limited ("RRTL")
by the Company to LandOcean (the "Transaction"). As all key
conditions for the Transaction have been successfully satisfied,
the Company and LandOcean will now proceed with completion of the
Transaction.
Contact Details
Cantor Fitzgerald Europe (Nominated
Star Phoenix Group Ltd Adviser and Broker)
Evgenia Bezruchko (Group Corporate David Porter / Rick Thompson (Corporate
Development Manager & Joint Company Finance)
Secretary) t. +44 (0)20 7894 7000
e. admin@starphoenixgroup.com
t. +44 (0)20 3865 8430
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCBBGDBDDDDGGG
(END) Dow Jones Newswires
January 20, 2020 06:24 ET (11:24 GMT)
Star Phoenix (LSE:STA)
Historical Stock Chart
From Jun 2024 to Jul 2024
Star Phoenix (LSE:STA)
Historical Stock Chart
From Jul 2023 to Jul 2024
