16th Dec 2015 14:25
New World Oil and Gas Plc / Index: AIM / Epic: NEW / Sector: Oil & Gas
For immediate release 16 December 2015
New World Oil and Gas Plc ("New World'" or "the Company")
Re-payment of Director loans
The Board of New World announces that the loans made to Dynamic Investments Limited and Peter Sztyk and Georges Sztyk as announced on 28 March 2013, ("the DIL Loans"), and whose due date was extended to an on-demand basis as announced on 13 October 2014, have now been re-paid under a series of arrangements by which, from February 2015, all of the executive directors' salaries would be used for this purpose.. The total amount re-paid, to include interest at 3% per annum, was US$705,447.05.
**ENDS**
Enquiries: | ||
Georges Sztyk | New World Oil and Gas Plc | Tel: +1 646 407 9946 |
Roland Cornish | Beaumont Cornish Limited (Nomad) | Tel: +44 (0) 20 7628 3396 |
Felicity Geidt | Beaumont Cornish Limited (Nomad) | Tel: +44 (0) 20 7628 3396 |
Lottie Brocklehurst | St Brides Partners Ltd | Tel: +44 (0) 20 7236 1177 |
Frank Buhagiar | St Brides Partners Ltd | Tel: +44 (0) 20 7236 1177 |
Nicholas Bealer | Cornhill Capital Limited (Broker) | Tel: +44 (0) 20 7710 9612 |
Andrew Frangos | Cornhill Capital Limited (Broker) | Tel: +44 (0) 20 7710 9611 |
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New World Oil And Gas