20th Sep 2024 12:08
SDX Energy PLC - Middle East and North Africa-focused exploration & production - Announces that negotiations are underway with lender Aleph Finance Ltd to amend the terms of a new facility agreement signed earlier in September that would refinance an existing syndicated loan for up to USD3.3 million. The existing unsecured loan is convertible at any time and repayable on July 24 2024. The lender has agreed to delay repayment provided that the new facility agreement is entered into on or before October 11. The amount payable is USD3.8 million including interest of USD570,000. A meeting with shareholders will convene on October 11 to vote on the amended terms.
Current stock price: 2.10 pence, down 4.6% in London on Friday afternoon
12-month change: down 48%
By Elijah Dale, Alliance News reporter
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