Lekoil Limited Provides Update on Legal Claim

Source: www.gulfoilandgas.com 2/16/2022, Location: Africa

LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, notes that on 6 January 2022, the Company announced that it had been served with a writ of summons in the Grand Court of the Cayman Islands by Mr Olalekan Akinyanmi (the "Claim") challenging the validity of certain resolutions duly passed at the Company's Annual General Meeting held on 21 December 2021 (the "AGM"). By Notice of Motion dated 14 February 2022, Mr. Akinyanmi has applied to restrain the Company from acting on Resolutions 8 and 9. The Notice of Motion is expected to be heard in early to mid-March 2022. The Company considers that the Claim is entirely without merit and will defend the Claim in the normal manner. Further updates in relation to the Claim will be made as appropriate.


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