Regulatory Story
Go to market news section
Exillon Energy Plc - EXI
Update on cancellation of listing of shares
Released 13:10 14-Feb-2020



RNS Number : 0966D
Exillon Energy Plc
14 February 2020

FOR IMMEDIATE RELEASE

14 February, 2020

Update on cancellation of the listing of its shares and tender to effect share purchase

Exillon Energy plc ('Exillon Energy' or the 'Company') (EXI.LN), a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora ('Exillon TP') and West Siberia ('Exillon WS'), further to its announcement on 31 October 2019, announces that the Company continues its work on preparation for cancellation of the listing of its ordinary shares (the 'Shares') on the premium segment of the Official List of the Financial Conduct Authority and of trading on the Main Market of the London Stock Exchange plc (the 'Delisting')and the structure of the tender offer to effect repurchase of the Shares.

The Company has engaged a legal advisor to assist with the Delisting and the Tender Offer and is in the process of engaging an investment bank to assist the Board of Directors to determine the repurchase price of the Shares under the Tender Offer.

A further announcement will be made in due course.

Media contacts:

Tom Blackwell, EM

Blackwell@em-comms.com

+7 919 102 9064


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
UPDKKQBKNBKDFBD
London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.
©2014London Stock Exchange plc. All rights reserved



Update on cancellation of listing of shares - RNS

Attachments

  • Original document
  • Permalink

Disclaimer

Exillon Energy plc published this content on 14 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 February 2020 13:14:07 UTC