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DJ Karoo Energy Plc Proposed Recapitalisation

 
TIDMKEP 
 
18 September 2019 
 
                               Karoo Energy plc 
                       ("Karoo Energy" or the "Company") 
 
                           PROPOSED RECAPITALISATION 
 
The Company announces that it is in late stage discussions with a group of 
investors to recapitalise the Company. The recapitalisation, if completed, will 
coincide with an informal settlement of outstanding Company creditors, as 
announced on 18 March 2019. The Company intends to issue a circular to 
shareholders outlining, amongst other things, the proposed recapitalisation. 
 
There can, however, be no guarantee, that the discussions will be successful. 
 
NEX Exchange has agreed to defer withdrawal of the Company's Ordinary Shares 
from trading, pending publication of the circular. 
 
The Directors of the Company accept responsibility for the content of this 
announcement. 
 
ENQUIRIES: 
 
Company 
 
Karoo Energy plc 
Noel Lyons 
Telephone: 020 3130 0674 
 
Corporate Adviser 
 
Peterhouse Capital Limited 
Guy Miller / Mark Anwyl 
Telephone: 020 7220 9795 
 
 
 
END 
 

(END) Dow Jones Newswires

September 18, 2019 02:00 ET (06:00 GMT)