Star Phoenix Group Ltd Update on RRDSL Claim (9929N)

TIDMSTA

RNS Number : 9929N

Star Phoenix Group Ltd

07 June 2022

7 June 2022

Star Phoenix Group Ltd

("Star Phoenix" or the "Company")

Update on RRDSL Claim

Star Phoenix, an AIM listed company (AIM: STA) focused on growth through attractive opportunities, provides the following update in relation to its wholly owned subsidiary in Trinidad, Range Resources Drilling Services Limited ("RRDSL").

RRDSL, through its attorney (Robin B. Ramoutar & Co), has submitted a claim at an amount of approximately TT$1.1 million (GBP132,000) against 360 Oil and Gas Limited (the "Defendant") in the Supreme Court of Trinidad and Tobago (the "Claim") in respect of unpaid service fees from the Defendant. A Court date will be scheduled in due course.

The Company will provide further updates as appropriate.

This announcement has been approved by Chairman Lubing Liu on behalf of the Company.

 
 
   Contact Details 
                                   WH Ireland Limited (Nominated 
   Star Phoenix Group Ltd           Adviser and Broker) 
   Robin Luo (Company Secretary)    James Joyce / Ben Good 
   e. admin@starphoenixgroup.com    t. +44 (0)20 7220 1666 
   t. +61 8 6205 3012

This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCEAEKXEADAEFA

(END) Dow Jones Newswires

June 07, 2022 06:26 ET (10:26 GMT)

Star Phoenix (LSE:STA)
Historical Stock Chart
From Jun 2024 to Jul 2024