Verified

LAUGFS Gas Explores Strategic Options for Hambantota LPG Terminal Subsidiary

LAUGFS Gas PLC has officially informed shareholders and the Colombo Stock Exchange that it is engaging in preliminary, informal discussions regarding strategic options for its wholly owned subsidiary, LAUGFS Terminals Limited.

LAUGFS Terminals Limited owns and operates a 30,000 MT liquefied petroleum gas (LPG) terminal situated at the Hambantota International Port. In a corporate disclosure submitted to Colombo Stock Exchange today (26) the company confirmed it is holding exploratory talks with interested parties.

The options currently under evaluation include commercial collaboration, securing outside investment, or the potential disposal of part or all of LAUGFS Gas PLC's shareholding in the subsidiary.

The company highlighted that no agreement has been reached concerning the structure or terms of any prospective transaction, and no definitive agreement has been executed. LAUGFS Gas PLC noted that there is no assurance these preliminary discussions will result in a finalized deal, meaning any financial impact cannot be determined at present.

LAUGFS Gas PLC stated that it will promptly disclose any material developments as required by the Listing Rules of the Colombo Stock Exchange.