20 Jan 2020 11:24
Star Phoenix Group Ltd
("Star Phoenix" or "the Company")
20 January 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.
DEBT RESTRUCTURE AND RRTL SALE UPDATE
Star Phoenix (AIM: STA), an international company with oil and gas projects and oilfield service businesses in Trinidad and Indonesia, is pleased to advise that shareholders of LandOcean Energy Services Co., Ltd. ("LandOcean") have approved transaction relating to the sale of Range Resources Trinidad Limited ("RRTL") by the Company to LandOcean (the "Transaction"). As all key conditions for the Transaction have been successfully satisfied, the Company and LandOcean will now proceed with completion of the Transaction.
Contact Details
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Star Phoenix Group Ltd Evgenia Bezruchko (Group Corporate Development Manager & Joint Company Secretary) e. admin@starphoenixgroup.com t. +44 (0)20 3865 8430 | Cantor Fitzgerald Europe (Nominated Adviser and Broker) David Porter / Rick Thompson (Corporate Finance) t. +44 (0)20 7894 7000 |