Disposal of Burj investment completed
Released : 08/10/2019 07:00
RNS Number : 0618P
Solo Oil Plc
08 October 2019
8 October 2019
Solo Oil plc ("Solo" or "the Company")
Disposal of Burj investment completed
Solo Oil (AIM: SOLO), a natural resources investment company focused on acquiring a balanced portfolio of production, development and exploration assets, announces that further to its announcement on 10 September 2019 regarding the Company's exit of its 20% investment in Burj Petroleum Africa Limited ("Burj"), no other shareholders in Burj have exercised their pre‐emption rights in relation to the proposed sale by Solo during the prescribed period, and therefore the disposal by Solo of its shareholding in Burj has now completed.
Solo has divested its interest in this non‐core asset for a nominal fee of £1, and in doing so has also relinquished any future costs associated with Burj.
For further information: | |
Solo Oil plc | +44 (0) 20 7440 0642 |
Alastair Ferguson | |
Strand Hanson | +44 (0) 20 7409 3494 |
Nominated & Financial Adviser | |
Rory Murphy / James Spinney / Ritchie Balmer | |
Shore Capital | +44 (0) 20 7408 4090 |
Broker | |
Jerry Keen | |
Buchanan | +44 (0) 20 7466 5000 |
Financial PR | |
Ben Romney / Kelsey Traynor/ James Husband |
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Solo Oil plc published this content on 08 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 October 2019 06:21:01 UTC