LEK.L Share News (LEK)

UK shareholder meetings calendar - next 7 days

IN BRIEF: Lekoil to change name to Fenikso as reaches legal settlement

Lekoil Ltd - Cayman Islands-based litigation asset company with an investment in oil & gas assets in Nigeria - Lekoil Nigeria Ltd on Thursday confirms the announcement made by Lekoil Ltd late Wednesday that the two sides have agreed to end all legal proceedings against each other and settle all claims. As part of the deal, the two companies agree to surrender all shares in each other.

TRADING UPDATES: Ryanair extends CEO contract; Sovereign eye demerger

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Lekoil Chair Olapade Durotoye to take up role with Savannah Energy

(Alliance News) - Lekoil Ltd on Friday said Non-Executive Chair Olapade Durotoye plans to take up a "significant" role with Savannah Energy PLC in Nigeria.

IN BRIEF: Lekoil profit falls, says financial position "fragile"

Lekoil Ltd - litigation asset company with an investment in oil & gas assets in Nigeria - Reports pretax profit of USD836,000 for first half of 2022, down from USD13.1 million a year before. This is due to finance income slipping to USD1.8 million from USD13.9 million. It anticipates share suspension will be lifted by Aquis following publication of interim report. Says it continues to face "considerable" challenges. "The company will continue to seek recovery of the CEO loan, defend the litigation that Akinyanmi and Lekoil Nigeria have brought against it, and it will take further steps to recover its investments in Lekoil Nigeria and its subsidiaries," it says. Adds financial position "remains fragile".

EARNINGS UPDATES: Bushveld loss widens; Scottish Investment assets up

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

TRADING UPDATES: 88 signs license agreement; Lekoil litigates

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

IN BRIEF: Lekoil has to pay ex-CEO Akinyanmi, says ex-CEO's new firm

Lekoil Ltd - Cayman-incorporated oil and gas exploration and production company focused on Nigeria and West Africa - Lekoil Nigeria Ltd states that Superior Court of New Jersey says Lekoil owns money to former Chief Executive Officer & company founder Olalekan Akinyanmi. Lekoil Nigeria refers to document MER-L-001733-21 at the Superior Court of New Jersey.

IN BRIEF: Lekoil continues to produce oil from Otakikpo in May

Lekoil Ltd - oil and gas exploration and production company focused on Nigeria and West Africa - At Otakikpo, in May gross oil production reaches 4,230 barrels per day, while drilling of Otakikpo-4 continued during the month.

IN BRIEF: Lekoil shakes up board with new chair, director appointments

Lekoil Ltd - oil and gas exploration and production company focused on Nigeria and West Africa - Says Olapade Durotoye becomes non-executive chair, Guy Oxnard becomes an executive director and Dipo Sofola a non-executive director. Says appointments part of managed succession planning in which Anthony Hawkins and Al Tindall will each cease being directors at end of June.

IN BRIEF: Lekoil anticipates court hearing regarding contempt claim

Lekoil Ltd - oil and gas exploration and production company focused on Nigeria and West Africa - Says that a court has granted a hearing for Lekoil Nigeria Ltd's contempt suit against itself and Savannah Energy Investments Ltd. In April, Lekoil Nigeria and its subsidiaries were granted an injunction by the Federal Court of Nigeria against Lekoil and Savannah Energy Investments which restrained them from taking any steps to transfer of any interests in the oil and gas assets of Lekoil Nigeria.

UK shareholder meetings calendar - next 7 days

IN BRIEF: Lekoil seeks to transfer listing to Aquis from AIM

Lekoil Ltd - oil and gas exploration and production company focused on Nigeria and West Africa - Applies for admission to trading on the Access segment of the AQSE Growth Market operated by the Aquis Stock Exchange.

Lekoil applies to AQSE Growth Market, to delist from AIM

(Sharecast News) - Lekoil announced on Monday that it has applied for admission of its shares to trading on the Access segment of the AQSE Growth Market of the Aquis Stock Exchange.

TRADING UPDATES: Woodbois first-quarter revenue rises; Oriole upbeat

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: