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  5. IN BRIEF: San Leon Energy notes "very advanced" talks on loan facility

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Share Price Information for San Leon (SLE)

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Share Price: 16.14
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IN BRIEF: San Leon Energy notes "very advanced" talks on loan facility

Mon, 09th Oct 2023 13:31

San Leon Energy PLC - Nigeria-focused oil and gas production, development and exploration company - Says it is in a "very advanced stage" relating to securing an alternative loan facility. It says that in order for to enable discussions to conclude, Toscafund Asset Management LLP provided San Leon with a redemption and release letter that includes a standstill provision. Toscafund agrees not to make any demand for repayment of the loan or enforce security before Friday. "The board of San Leon believes that a conclusion on an alternative loan facility will be reached in the very near term and will provide an update to shareholders and creditors at that time," San Leon says.

Current stock price: 16.14 pence each

12-month change: down from 3,900p each on Oct 10, 2022

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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