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 $3.3 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 $3.8 million including interest of $570,000. 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%

Copyright 2024 Alliance News Ltd. All Rights Reserved.