NEW World OIL & GAS (NEW)

 

LSE:NEW: Re-payment of Director loans

NEW World OIL & GAS

16 Dec 2015 14:25:39

New World Oil & Gas

RNS Number : 2999J
New World Oil & Gas
16 December 2015
 

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

 


This information is provided by RNS
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