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On 13 May 2025, Sunda Energy Plc confirmed that Investors subscribed for an initial tranche of US$1.5 million of Loan Notes. The Company is in receipt of these funds, completing the first Draw Down under the Loan Notes. The funds will be used to cover Sunda's share of costs for Chuditch-2 and related project costs.
| Date | 13 May 2025 |
| Time | 08:07:55 |
| Category | Corporate updates |
| ID | 4279I |
13 May 2025
Sunda Energy Plc
("Sunda" or "Sunda Energy" or the "Company")
Update re. drawdown of Loan Notes
Further to the Company's announcement on 24 April 2025, Sunda Energy Plc (AIM: SNDA), the AIM-quoted exploration and appraisal company focused on gas assets in Southeast Asia, confirms that the Investors have subscribed for the initial tranche of an aggregate of US$1.5 million of Loan Notes and the Company is, as of today, in receipt of the funds.
As a result the first Draw Down under the Loan Notes has now completed and the funds will be used by the Company to fund Sunda's share of costs for Chuditch-2 and related project costs.
The Company will release further announcements at the time of future draw downs pursuant to the Loan Notes.
Capitalised terms in this announcement have the meaning ascribed to them in the announcement released by the Company on 24 April 2025.
For further information, please contact:
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Sunda Energy Plc Andy Butler, Chief Executive Rob Collins, Chief Financial Officer
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Tel: +44 (0) 20 7770 6424 |
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Allenby Capital Limited (Nominated Adviser and Joint Broker) Nick Athanas, Nick Harriss, Ashur Joseph (Corporate Finance) Kelly Gardiner, Stefano Aquilino (Sales and Corporate Broking)
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Tel: +44 (0) 203 328 5656 |
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Hannam & Partners Advisory Limited (Advisor and Joint Broker) Neil Passmore (Corporate Finance) Leif Powis (Sales)
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Tel: +44 (0) 20 7907 8502
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Celicourt Communications (Financial PR and IR) Mark Antelme, Philip Dennis, Charles Denley-Myerson |
Tel: +44 (0) 20 7770 6424
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