2 Jul 2019 13:00
LEI: 213800AS2I1XUAGQ6F27
2 July 2019
JKX Oil & Gas plc
("JKX")
2015 Poltava rental fee claim closed in favour of PPC
As previously reported, in May 2019 the Kharkiv Appellate Administrative Court confirmed the earlier judgment of the first instance court that the tax notification decisions issued to Poltava Petroleum Company ("PPC") and contested in case No. 816/845/16 are illegal and cancelled them together with the additional tax liability and associated penalties of approximately UAH9m (US$0.3m). It was also previously reported that this decision might be subject to one final level of appeal in the Supreme Court of Ukraine.
The Supreme Court of Ukraine has now refused to accept the cassation complaint of the Poltava Tax Authorities for procedural reasons and therefore this appeal will not take place. The case is closed in favour of PPC.
This announcement contains inside information as defined in EU Regulation No. 596/2014 and is in accordance with the Company's obligations under Article 17 of that Regulation.
ENDS
JKX Oil & Gas plc +44 (0) 20 7323 4464
Ben Fraser, CFO
EM Communications +44 (0) 20 7002 7860
Stuart Leasor, Jeroen van de Crommenacker