Business
Response to Media Speculation
Response to Media Speculation.
About this update from Beacon Energy Plc
[{"type":"text","content":"\n \nAndalas Energy and Power Plc\n\n(‘Andalas’ or the ‘Company’)\n\nResponse to Media Speculation\n\nAndalas Energy and Power Plc, the AIM listed Indonesian focused energy Company (AIM: ADL), notes the recent media speculation regarding the Company undertaking a significantly discounted equity fundraising in the short term.\n\nAndalas confirms that it is currently in discussions with investors concerning a potential fundraising to fund its ongoing activities in Indonesia. The discussions are of a preliminary nature and the Company cannot guarantee that any such fundraising will take place in the short term. Pending the outcome of these discussions, the Company has requested a suspension in trading of its shares on the AIM Market. A further announcement will be made in due course as and when appropriate.\n\n**ENDS**\n\nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR). Upon the publication of this announcement via a Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.\n\nFor further information, please contact:\n\n\n\nDavid Whitby\nAndalas Energy and Power Plc\nTel: +62 21 2783 2316\n\n\n\nSarah WharryCraig Francis\nCantor Fitzgerald Europe(Nominated Adviser and Joint Broker)\nTel: +44 20 7894 7000\n\n\n\nJon Belliss\nBeaufort Securities Limited(Joint Broker)\nTel: +44 20 7382 8415\n\n\n\nFrank BuhagiarSusie Geliher\nSt Brides Partners Limited\nTel: +44 20 7236 1177\n\n\n\n ","length":2509,"tagName":"div"}]