Gasol PLC GAS

Latest Morningstar Commentary
DateAuthor Headline

Latest Company News

Regulatory News Abstract
DateType Story
01/05/2013Non-Exec Director Change Fassine Fofana appointed
Fassine Fofana has been appointed to the board as non-executive director with immediate effect
24/04/2013Adviser Change Change of Financial PR Adviser
The company's Financial PR Adviser has been changed from Pelham Bell Pottinger to Yellow Jersey PR Limited
18/03/2013Business Event Loan Agreement
The company has entered into an unsecured convertible loan agreement with Socar Trading S.A. The loan reinforces Socar Trading's commitments to supply LNG and assist the company with provision of floating gas storage and regasification facilities for its proposed LNG Import project in Cotonou, Benin. Socar Trading has agreed to lend the company US$1.00m in the form of an unsecured sterling convertible loan note with a term of 2 years at 4.00% annual interest rate.
15/03/2013Business Event Repays Convertible Loan Facility
The company has repaid £2.50m Convertible Loan Facility entered into on 24 August 2012 in its entirety. The Loan has been repaid using part of the proceeds of the successful issuance of a $20.0m bond, announced on 7 March 2013
07/03/2013Business Event Draw down of US$20.0m on new bond instrument
The company has executed a multi-tranche, unsecured bond instrument which has an interest rate of 10.0% per annum and a maturity of three years. Interest is payable twice yearly. The company also announces that the first bond tranche of US$20.0m has been placed with institutional investors. The bond has a maximum issue size of US$100m and any subsequent tranches will be subject to investor appetite
28/02/2013Business Event MoU with Ghana National Gas Company Ltd
The company's affiliate, African Power Generation Ltd has signed a MoU with Ghana National Gas Company Ltd in relation to the development of a number of specific projects aimed at providing additional gas to Ghana, as well as supporting, in a complementary manner, the longer term security of gas supply needed to address the nation's power generation deficit. Under the MoU, AfGen and Ghana Gas propose amongst others to explore the establishment of various joint venture arrangements for the supply of imported natural gas, into Ghana as well as the downstream sale and marketing of gas to power generators and industrial/mineral processing enterprises in Ghana
07/02/2013Business Event Alliance with Dredging International
The company's affiliate, African Power Generation Ltd, has signed a strategic alliance agreement with Dredging International, in relation to dredging, marine engineering and pipeline construction works in Cotonou harbour, Benin, for its proposed LNG Import Project
09/01/2013Business Event Extension of loan
The company has agreed terms with Banque Benedict Hentsch & Cie SA for the rollover of its maturing convertible loan facility by one year to a new maturity date of 30 December 2013