Star Energy Group PLC Cash backing of performance guarantees, Croatia
October 09 2024 - 7:55AM
RNS Regulatory News
RNS Number : 5778H
Star Energy Group PLC
09 October 2024
09 October 2024
Star Energy Group plc
("Star Energy" or the
"Company")
Cash backing of performance guarantees,
Croatia
Star Energy announces that it has completed the
cash backing of the performance guarantees of €5.2 million, issued
by Tokio Marine Europe S.A. in 2023, for licence commitments of its
Croatian subsidiary relating to the Sječe and Pčelić exploration
licences in Croatia using the proceeds of its Kommunalkredit
Austria AG facility. Star Energy's Croatian geothermal interests
are within a 51% owned joint venture company, A14 Energy
Limited.
The cash backing to Tokio Marine Europe S.A.,
totals €5.2 million (£4.3 million) and the guarantees have a term
of 5 years from 01 November 2023.
For further
information please contact:
Star Energy
Group
plc
Tel: +44 (0)20 7993 9899
Ross Glover, Chief Executive Officer
Frances Ward, Chief Financial Officer
Investec Bank
plc (NOMAD and Corporate Broker) Tel: +44
(0)20 7597 5970
Virginia Bull/Charles Craven
Vigo
Consulting Tel:
+44 (0)20 7390 0230
Patrick d'Ancona/Finlay Thomson/Kendall
Hill
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact
rns@lseg.com or visit
www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our
Privacy
Policy.
END
MSCFLFELIVLAIIS
Star Energy (LSE:STAR)
Historical Stock Chart
From Nov 2024 to Dec 2024
Star Energy (LSE:STAR)
Historical Stock Chart
From Dec 2023 to Dec 2024
