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Pin to quick picksSan Leon Share News (SLE)

  • This share is currently suspended. It was suspended at a price of 16.14

Share Price Information for San Leon (SLE)

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TRADING UPDATES: Voyager Life pulls out of Polish deal with Goodbody

Tue, 04th Jul 2023 16:42

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

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San Leon Energy PLC - Dublin-headquartered oil and gas company focused on Nigeria - Announces update in relation to the proposed transactions with Midwestern Oil & Gas Company Ltd and the company's further conditional investments in Energy Link Infrastructure Ltd. Says all longstop dates in relation to the transaction have been extended to July 31. Continues to believe the deal has the potential to be transformational but is mindful of the recent legal challenge by NNPC Ltd and OML 18 Energy Resource Ltd and the uncertainty that this will cause. Explains the extension of the longstop dates will enable the board to continue to keep these developments under review. Further, says talks in relation to securing an alternative USD50 million loan facility to be applied towards the transaction continue. This would satisfy working capital requirements and enable payment of unpaid creditors. Remains optimistic conclusion will be reached. Given company is not in a position to publish accounts for the year to December 31, 2022, shares have been suspended, effective July 3.

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Supply@Me Capital PLC - fintech platform - Announces the completion of commercial agreements for the first inventory monetisation using traditional funding sources. Follows statement in June that it had secured a binding commitment from an institutional investor to invest in the first UK IM transactions up to GBP5 million. Notes under this agreement the commitment provided by the investor will be used by Supply@ME to monetise up to GBP1.8 million of warehoused goods of a UK client company, which provides parts and technology to the global marine industry. Expects average annual fees to be invoiced by the company to equate to around 3% of the gross value of the inventory monetised.

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Eight Capital Partners PLC - capital market company - Announces delay to the publication of its audited accounts for the year to December 31, 2022. As a result, requests temporary suspension of trading in its shares effective July 3. Delay has arisen as a result of a decision to reclassify the accounting treatment of its 1AF2 Ltd Sec Bonds 21-24 fixed rate bonds.

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Power Metal Resources PLC - metals exploration company - Announces the initiation of a consulting agreement with Jasper Consult DMCC, a London and Dubai based strategic consultant. Believes that the relationship with Jasper Consult creates an opportunity to build a new exploration asset base in the region.

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Bank of Cyprus Holdings PLC - Nicosia-based lender - Purchases a further around EUR7 million of outstanding capital securities as part of group's ongoing active management of its capital position and liabilities. Follows announcement in June to purchase all of its EUR220 million fixed rate reset perpetual additional Tier 1 capital securities callable in December 2023.

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Voyager Life PLC - Perth, Scotland-based health and wellness company supply cannabidiol, hemp seed oil and hemp-related products - Terminates agreement in relation to the acquisition of an extraction and manufacturing facility in Poland, which was to be bought from Goodbody Health Ltd. Explains legal advice, which was expected to be a formality to complete the deal, remains ongoing without any certainty of timing for conclusion. Operational control has returned to Goodbody. Points out Polich unit had been loss-making so relinquishing the business has provided greater funding capacity for the expansion of Voyager's core UK operations.

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Egdon Resources PLC - Gloucestershire, England-based oil and gas explorer and producer - Says a court meeting and general meeting approved all resolutions relating to the scheme in place to facilitate the recommended acquisition by Petricho.

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Codex Acquisitions PLC - special acquisition company - Reports loss for the year to December 31 of GBP237,122 multiplied from GBP30.315. Loss per share totalled GBP0.04 compared to GBP0.06. No dividend was paid. Says will continue to seek a suitable reverse takeover.

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By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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18 Nov 2016 08:29

San Leon Energy sells stake in Polish assets

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11 Oct 2016 17:05

Polish Court Enforces International Ruling Against San Leon Subsidiary

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30 Sep 2016 11:35

San Leon To Take Major Step By Signing Nigerian Deal Later Friday

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San Leon To Pay Outstanding Fees To Herbert Smith By End Of Month

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Sunday share tips: San Leon Energy, Kier Group, Franchise Brands

(ShareCast News) - Sell shares in San Leon Energy, was the verdict in the Sunday Times' Inside the City column. Tuesday's shareholder vote will determine whether to complete a £170.3m fundraising that has already been conditionally agreed with backers at a price of 45p a share to buy a stake in the

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26 Aug 2016 12:12

San Leon Energy raises up to £170.3m, to complete OML 18 production deal

(ShareCast News) - San Leon Energy has raised about £170.3m, with net proceeds going to complete the OML 18 production agreement. OML 18 is a world-class Nigerian onshore oil and gas asset. The placing was of about 378.4m shares at premium 45p each. Net proceeds were being used to complete the OML

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1 Jul 2016 09:57

San Leon Receives Funds To Secure Final Part Of OML 18 Stake Purchase

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29 Jun 2016 16:56

San Leon Reports EUR218 Million Loss As It Looks Ahead To Nigeria

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Norway's Central Bank Excludes Cairn For Violating "Ethical Norms"

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24 May 2016 10:20

San Leon Takes Further Step Towards OML 18 Stake Purchase (ALLISS)

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San Leon To Raise USD200 Million Through Huge Premium-Priced Placing (ALLISS)

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6 May 2016 17:34

San Leon Appoints New Nominated Advisor But Shares Remain Suspended

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21 Apr 2016 10:57

San Leon Says Avobone Claim Filed In Ireland Is "Inappropriate"

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