30 Sep 2021 07:00
30 September 2021
Lekoil Limited
("LEKOIL" or the "Company")
Suspension of trading on AIM pending publication of annual accounts
LEKOIL (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa, provides the following update.
The Company was required to publish its audited annual report and accounts for the year ended 31 December 2020 (the "Accounts") by 30 June 2021, as required by Rule 19 of the AIM Rules for Companies (the "AIM Rules"). This deadline was subsequently extended to 30 September 2021, as announced on 17 June 2021, with the Company availing itself of the extension under the temporary measures for the publication of audited annual results for AIM companies due to Covid related delays.
The Company currently expects to publish the Accounts in the week commencing 4 October 2021, the delay being caused by administrative delays, namely a longer than expected bank account opening process. Those administrative delays have now largely been resolved.
Consequently, trading in the Company's Ordinary Shares on AIM will be suspended with effect from 7.30 a.m. on 1 October 2021 pending publication of the Accounts.
Notwithstanding the temporary suspension of trading in the Ordinary Shares, the Company will continue to make announcements as and when there are any developments that require announcement in accordance with its obligations under the AIM Rules.
For further information, please visit www.lekoilplc.com or contact:
SP Angel Corporate Finance LLP (Nominated Adviser and Joint Broker) John Mackay / Jeff Keating / Stuart Gledhill / Richard Hail |
+44 20 3470 0470 |
Tennyson Securities (Joint Broker) Peter Krens / Edward Haig-Thomas | +44 20 7186 9030 |
Market Abuse Regulation Disclosure |
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 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.