22 April 2025
This information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
Star Energy Group plc
("Star Energy" or the "Company")
Completion of Sale of Non-core Asset
Star Energy Group plc (AIM: STAR) is pleased to announce the successful completion of the sale of its non-core asset, the Holybourne site in Alton, Hampshire, for a consideration of £6.3 million. The site, previously the location of Star's decommissioned Holybourne Oil Terminal, has now been transferred to the new owners following the satisfaction of all sale conditions.
This transaction is a key part of Star's strategy to streamline operations and focus on its core assets. The funds received will be used for the general purposes of the group including deleveraging the business and supporting ongoing projects.
For further information please contact:
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Star Energy Group plc Ross Glover, Chief Executive Officer Frances Ward, Chief Financial Officer
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Tel: +44 (0) 207 993 9899 |
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Zeus (Nominated Adviser & Broker) Antonio Bossi, Alexandra Campbell-Harris (Investment Banking) Simon Johnson (Corporate Broking)
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Tel: +44 (0) 203 829 5000 |
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Vigo Consulting Patrick d'Ancona, Finlay Thomson, Kendall Hill |
Tel: +44 (0) 207 597 5970 |
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