Star Phoenix Group Ltd Trinidad tax appeals update (5714F)
March 10 2020 - 4:06AM
UK Regulatory
TIDMSTA
RNS Number : 5714F
Star Phoenix Group Ltd
10 March 2020
Star Phoenix Group Ltd
("Star Phoenix" or "the Company")
10 March 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.
TRINIDAD TAX APPEALS UPDATE
Star Phoenix (AIM: STA), an international company with oil and
gas projects and oilfield service businesses in Trinidad and
Indonesia, provides the following update in relation to the ongoing
tax appeal matters that its Trinidad subsidiary Range Resources
Trinidad Limited ("RRTL") is involved in.
Two of the appeals were heard by the Tax Appeal Board in
Trinidad on 9 March 2020 and have now been set for trial on 26 and
27 May 2020. Two further tax appeal cases have been scheduled for
hearing on 26 May 2020.
As previously announced, the total amount of all liabilities in
dispute against RRTL (four tax appeal cases in total) is
approximately US$4.9 million.
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
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Authority to act as a Primary Information Provider in the United
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END
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