Star Phoenix Group Ltd Claim Against Range Resources Trinidad Limited (9765U)
August 04 2022 - 7:54AM
UK Regulatory
TIDMSTA
RNS Number : 9765U
Star Phoenix Group Ltd
04 August 2022
4 August 2022
Star Phoenix Group Ltd
("Star Phoenix" or the "Company")
Lodgment of Claim Against Range Resources Trinidad Limited
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 three claims at a total amount of approximately TT$14.9
million (GBP1.78 million) against Range Resources Trinidad Limited
("RRTL" or the "Defendant") in the Supreme Court of Trinidad and
Tobago in respect of breach of loan, service and equipment rental
contracts from the Defendant (the "Claims"). A Court date will be
scheduled in due course.
The Company will provide 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
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END
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