JKX Oil & Gas PLC Sale of non-core Assets (9046N)
04 Octubre 2021 - 4:10AM
UK Regulatory
TIDMJKX
RNS Number : 9046N
JKX Oil & Gas PLC
04 October 2021
4 October 2021
JKX Oil & Gas plc
("JKX", the "Company" or the "Group")
Sale of Non-core Assets
The Company has previously announced its intention to focus its
portfolio on its most prospective opportunities. Following a
further review the Board has decided that the Company will dispose
of its one remaining non-core asset, being its 100% interest in its
Russian operating subsidiary, Yuzhgasenergie LLC. The Company is
now actively seeking buyers.
Sales proceeds from the disposal of this non-core asset will be
used to finance on-going activities and possible further
acquisitions in Ukraine. Ukraine remains the Company's core focus
area and the area where it sees the most prospective
opportunities.
Elements of this press release contain or may contain inside
information about JKX Oil & Gas plc within the meaning of
Article 7(1) of the Market Abuse Regulation (596/2014/EU) as it
forms part of domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("UK MAR") and is in accordance with the
company's obligations under Article 17 of UK MAR.
ENDS
EM Communications +44 (0) 20 7002 7858
Jeroen van de Crommenacker
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END
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October 04, 2021 05:10 ET (09:10 GMT)
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