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Spread: 1.90 (12.667%)
Market Cap: £12.11m
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Portfolio Update

23 Nov 2021 07:00

RNS Number : 1975T
LMS Capital PLC
23 November 2021
 

 

 

 

 

 

23 November 2021

 

LMS Capital PLC

 

LEGAL COMPLETION BY DACIAN PETROLEUM OF ITS ACQUISITION OF OIL AND GAS PRODUCING ASSETS IN ROMANIA

 

On 12 November 2021 LMS Capital PLC ("LMS" or the "Company") announced that the necessary regulatory approvals in Romania had been received to enable Dacian Petroleum ("Dacian"), the Romanian oil and gas production company, to be able to complete its acquisition of an onshore oil and gas production business in Romania.

 

LMS is now pleased to confirm that completion has occurred and that with effect from 19 November 2021, all production from the acquired assets belongs to Dacian. The company is now working with the vendor to achieve a smooth transfer of operations.

 

LMS has invested US$9.1m in senior loan notes in Dacian and has also acquired a 32% equity interest in Dacian. Full information on LMS' investment and background on Dacian is included in the 12 November announcement.

 

 

ENQUIRIES:

 

LMS Capital PLC - 0207 935 3555

 

Robbie Rayne, Chairman

 

Nick Friedlos, Managing Director

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Date   Source Headline
11th Sep 20087:00 amRNSInterim Results
9th Sep 200810:30 amRNSHolding in Company
4th Aug 200810:51 amRNSHolding(s) in Company
20th Jun 20087:00 amRNSLMS Capital invests in Pims G
13th Jun 20083:07 pmRNSTransaction in own shares
6th Jun 20082:50 pmRNSAGM Poll Results
6th Jun 20087:00 amRNSAGM Statement
19th May 20087:00 amRNSAcquisition
25th Apr 20083:00 pmRNSAnnual Report 2007
2nd Apr 20084:15 pmRNSNotification of Transactions
31st Mar 20089:01 amRNSSale of ECI Ltd & Nav Update
26th Mar 200812:57 pmRNSHolding(s) in Company
26th Mar 20087:01 amRNSFinal Results
25th Mar 20087:01 amRNSResponse to Press Speculation
20th Feb 20082:49 pmRNSNotice of Results
29th Jan 20082:26 pmRNSHolding(s) in Company
22nd Jan 20084:58 pmRNSHolding in Company
8th Jan 20087:00 amRNSInvestor Presentation release
11th Dec 200710:52 amRNSNotifiable Interest
28th Nov 20074:44 pmRNSNotification of Transaction
9th Nov 20074:54 pmRNSInterests in Shares
9th Nov 20074:33 pmRNSPurchase of Shares
24th Sep 20073:24 pmRNSTransaction in Own Shares
21st Sep 20072:17 pmRNSInterim Report 2007
18th Sep 20073:24 pmRNSDirectors' dealings
17th Sep 20077:00 amRNSInterim Results
4th Sep 20071:33 pmRNSAcquisition
3rd Sep 20077:00 amRNSAdviser Appointment
9th Aug 20072:48 pmRNSHolding(s) in Company
2nd Jul 20073:39 pmRNSHolding(s) in Company
2nd Jul 20073:16 pmRNSDirector/PDMR Shareholding
29th Jun 20074:04 pmRNSLMS Capital - Investment
10th May 20071:00 pmRNSResult of AGM
10th May 20077:01 amRNSAGM Statement
8th May 20075:00 pmRNSAnnual Information Update
17th Apr 20071:08 pmRNSDirector/PDMR S/hldg-Replace
16th Apr 20075:23 pmRNSDirector/PDMR Shareholding
11th Apr 20075:16 pmRNSAnnual Report and Accounts
3rd Apr 20075:23 pmRNSDirector/PDMR Shareholding
3rd Apr 200710:17 amRNSDirector/PDMR Shareholding
28th Mar 20079:52 amRNSHolding(s) in Company
19th Mar 20073:37 pmRNSHolding(s) in Company
15th Mar 20077:03 amRNSFinal Results- Part 2
15th Mar 20077:02 amRNSFinal Results - Part 1
14th Mar 20078:00 amRNSChange of Name
9th Mar 20075:52 pmRNSHolding(s) in Company-Amend
9th Mar 20074:59 pmRNSHolding(s) in Company
9th Mar 20073:55 pmRNSHolding(s) in Company
9th Mar 20073:29 pmRNSHolding(s) in Company
16th Feb 200711:01 amRNSNotice of EGM

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