Synergia Energy Ltd Financing Update
11 März 2024 - 8:00AM
RNS Regulatory News
RNS Number : 2361G
Synergia Energy Ltd
11 March 2024
RNS
Announcement
11 March 2024
AIM: SYN
Synergia Energy Ltd (AIM: SYN) (the
"Company")
provides an update in relation to the 9 March 2024
maturity date of the 6,500 convertible loan notes issued by the
Company effective 9 March 2023.
The Company will this week repay in
cash the sum of GBP386,451 including interest in respect of 5,430
notes and has agreed to repay in cash the sum of GBP188,688
including interest on or around 30 September 2024 in respect of
1,750 notes.
The Company will issue 140,455,821
new ordinary shares of the Company in relation to conversion of the
balance of the convertible loan notes. An application for the
admission to trading on AIM of these new ordinary shares is
expected to be made in early April.
Per the Company's announcement of 14 February
2024, the Company has signed a farm-out agreement with Selan
Exploration Technology Limited (Selan) to transfer 50% of the
Cambay PSC to Selan and awaits Government of India approval for the
transfer, which will trigger the payment of US$2.5m to the
Company.
In order to minimise equity dilution for
shareholders, the Company has obtained loan funding from existing
investors of GBP400,000 on commercial terms
and on an unsecured basis.
Further, the Company has noted recent market
speculation / rumours suggesting that the Company was completing an
equity financing and can confirm the Company has no plans to
finance the Company by way of equity at this current
time.
For and on
behalf of Synergia Energy Ltd
Roland Wessel
CEO
For further information, please
contact:
Investor Enquires
Synergia Energy Ltd
Briana Stayt
Investor Relations
Email:
bstayt@synergiaenergy.com
Tel: +61 8 9485 3200
Australia
|
AIM
Joint Broker
Panmure Gordon (UK) Ltd
Broker
Mark Murphy / Hugh Rich / Freddie
Wooding
Tel: +44 (0)20 7886 2500
UK
|
AIM
Joint Broker
Novum Securities
Broker
Colin Rowbury
Email:
crowbury@novumsecurities.com
Tel: +44 20 7399 9427
UK
|
AIM
Nominated Adviser
Strand Hanson Limited
Nominated Adviser
Ritchie Balmer / Rory
Murphy
Tel: +44 20 7409 3494
UK
|
Media Enquires (UK)
Vigo
Consulting
Investor Relations
Patrick d'Ancona / Finlay
Thomson
Email:
patrick.dancona@vigoconsulting.com
finlay.thomson@vigoconsulting.com
Tel:+ 44 20 7390 0230
UK
|
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