Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas
31 December 2021
Prospex Energy PLC
Loan Note Interest and Capital Repayments
Prospex Energy PLC, ('Prospex' or the 'Company') the AIM quoted investment company (AIM:PXEN) focused on European gas and power projects, provides the following financing update:
Highlights:
· The Company has today repaid a total of
· The Company has also paid a total of
· Capital and interest payments funded from existing cash resources.
Further detail:
The Company now has two outstanding Loan Notes (the 2018 LN and the 2021 LN) following the final conversion of the 2020 CLN as announced on 22 December 2021. Per the above, the final interest payments made today on the 2020 CLN totalled
The 2018 LN had a total of
The 2021 LN (which was issued on 28 June 2021) had a total of
Mark Routh, Prospex's CEO, commented:
"These interest payments and loan repayments have been made possible by the income generated by the El Romeral power plant in southern
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of
* * ENDS * *
For further information visit www.prospex.energy or contact the following:
Mark Routh |
Prospex Energy PLC |
Tel: +44 (0) 20 7236 1177 |
Rory Murphy |
Strand Hanson Limited
|
Tel: +44 (0) 20 7409 3494 |
Colin Rowbury |
Novum Securities Limited |
Tel: +44 (0) 20 7399 9427 |
Duncan Vasey |
Peterhouse Capital Limited |
Tel: +44 (0) 20 7220 9797 |
Susie Geliher |
St Brides Partners Ltd
|
Tel: +44 (0) 20 7236 1177 |
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