# Path Investments plc Sale of Turkish interests

- Link: https://www.directorstalkinterviews.com/path-investments-plc-sale-of-turkish-interests/412766096
- Published: 2019-02-01T07:04:17+00:00
- Author: Giles Arbor

**Path Investments plc** ([LON: PAT](https://www.directorstalkinterviews.com/company/panthera-resources-plc/pat.l)
H) is pleased to announce that the Company has entered into a binding Sale Transfer
Agreement with Server Fatih Alpay regarding the sale of the Company’s Turkish interests
to him.

Under the terms of the STA Path has transferred its 5% shareholdings in each of 
ARAR Petrol Ve Gaz Arama Uretim Pazarlama Anonim Sirketi and Alpay Enerji A.S. to
Mr. Alpay. The consideration payable by Mr. Alpay to the Company is £400,000. In
addition, Mr. Alpay has transferred his 357,412 Path Ordinary Shares to the Company
to be held in Treasury and his 357,412 Path Deferred Shares to the Company for cancellation.

> **Christopher Theis, Chief Executive of Path Investments plc, commented: **
> “We are delighted to have entered into the STA with Server Fatih Alpay. This transaction
> marks the welcome withdrawal of our oil and gas interests in Turkey. Our attention
> is now focussed on completing our acquisition of ARC Marlborough Pty. Limited 
> that we announced on 18 January 2019. Further announcements will be made in due
> course.”

Share on: