RNS Number : 3522F
Lekoil Limited
16 November 2020
16 November
2020
Lekoil Limited
("LEKOIL" or the "Company")
Resignation of Nominated Adviser
LEKOIL (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa, announces that Strand Hanson Limited has resigned as the Company's Nominated Adviser with effect from close of business on Friday 20 November 2020.
The Company confirms that it is in advanced discussion with a new nominated adviser.
Pursuant to Rule 1 of the AIM Rules for Companies, if an AIM company ceases to have a nominated adviser, trading in its AIM securities will be suspended. Accordingly, if no appointment is made by 7 a.m. on Monday 23 November 2020, the Company's shares will be suspended at 7.30 a.m. on the same day. The Company then has one month to appoint a replacement Nominated Adviser or else the admission of its AIM securities will be cancelled.
The Company will make further announcements as appropriate.
The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
Enquiries:
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LEKOIL Limited
Hamilton Esi, Corporate Communications
Ore Bajomo, Investor Relations
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+44 20 7457 2020
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Strand Hanson Limited (Nominated Adviser)
James Spinney / Ritchie Balmer / Georgia Langoulant
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+44 20 7409 3494
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Mirabaud Securities Limited (Joint Broker)
Peter Krens /
Edward Haig-Thomas
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+44 20 7878 3362 / +44 20 7878 3447
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SP Angel Corporate Finance LLP (Joint Broker)
Richard Hail / Stuart Gledhill / Sam Wahab
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+44 20 3470 0470
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Instinctif (Financial PR)
Mark Garraway
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+44 7771 860938 / lekoil@instinctif.com
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