Released 07:00:05 15 December 2021 RNS Number: 7154V

Lekoil Nigeria Limited
(“Lekoil Nigeria”)


LAGOS, Nigeria. 15 December 2021

Further to its announcement of 3 December 2021, Lekoil Nigeria Limited has today written to shareholders of Lekoil Limited, setting out the details of its cash offer and share exchange offer.  In summary:

Lekoil Nigeria is offering to:

  • acquire the Ordinary Shares of Lekoil Limited for cash at GBP0.019, being a premium of 100% to the last trading price of the Ordinary Shares prior to suspension from AIM on 1 October 2021 (based on there being no dilution from the Company following the date of this Offer Document); or
  • conditional upon satisfaction of the Share Exchange Offer Conditions, acquire the Ordinary Shares of Lekoil Limited in consideration for Lekoil Nigeria B Shares.

A copy of the letter in full can be found attached to this announcement and also on the company website at the link below:

For further information, please contact:

LEKOIL Nigeria Limited
Hamilton Esi, Corporate Communications


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