RE: Rns out15 May 2020 17:58
Star Phoenix Group Ltd Outstanding payment update
15/05/2020 12:17pm
UK Regulatory (RNS & others)
Star Phoenix (LSE:STA)
Intraday Stock Chart
Friday 15 May 2020
Click Here for more Star Phoenix Charts.
TIDMSTA
RNS Number : 0862N
Star Phoenix Group Ltd
15 May 2020
Star Phoenix Group Ltd
("Star Phoenix" or "the Company")
15 May 2020
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATIONS (EU) NO. 596/2014 ("MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
OUTSTANDING PAYMENT UPDATE
Star Phoenix (AIM: STA), an international company with an oilfield services business in Trinidad and an oil and gas interest in Indonesia, advises that it has received a partial payment of US$424,000 out of the total outstanding amount of US$1,000,000 from LandOcean Energy Services Co., Ltd. ("LandOcean") pursuant to the sale of Range Resources Trinidad Limited. The remaining cash consideration (subject to an interest rate of 8% per annum calculated from 31 March 2020 until the payment is received) is now expected to be received on or before 20 May 2020.
This announcement has been approved by Chairman Kerry Gu on b