Challenger Energy Group PLC Admission of New Shares (2239O)
30 September 2023 - 1:35AM
UK Regulatory
TIDMCEG
RNS Number : 2239O
Challenger Energy Group PLC
29 September 2023
29 September 2023
Challenger Energy Group PLC
("Challenger Energy" or the "Company")
Admission of New Shares
Further to the Company's announcement of 30 August 2023,
application has been made for admission ("First Admission") of
315,533,332 new ordinary shares of 0.02 pence each in the Company
to trading on AIM. First Admission is expected on or around 2
October 2023, and on First Admission the new ordinary shares will
rank pari passu with the Company's existing ordinary shares. As
previously advised, these new ordinary shares will be allotted to a
number of service providers that have provided services to the
Company over the past 6 months, in lieu of fees otherwise payable
in cash.
The Company has also today received a conversion notice in
respect of GBP165,000 of outstanding convertible notes pursuant to
the Facility advised in the Company's announcement of 30 August
2023, which will require the Company to issue a further 458,333,333
new ordinary shares. A further application has thus been made for
admission of this amount of additional new ordinary shares to
trading on AIM, with admission expected on or around 5 October 2023
("Second Admission"). On Second Admission the further new ordinary
shares will rank pari passu with the Company's existing ordinary
shares.
On First Admission, the total issued share capital of the
Company will consist of 9,935,732,811 ordinary shares. The Company
does not hold any ordinary shares in treasury. Therefore, as
previously advised, from First Admission the total number of voting
rights in the Company will be 9,935,732,811 and this figure may be
used by shareholders in the Company as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change in their interest in, the
share capital of the Company under the FCA's Disclosure Guidance
and Transparency Rules.
On Second Admission, the total issued share capital of the
Company will consist of 10,394,066,144 ordinary shares. The Company
does not hold any ordinary shares in treasury. Therefore, from
Second Admission the total number of voting rights in the Company
will be 10,394,066,144 and this figure may be used from that time
by shareholders in the Company as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change in their interest in, the
share capital of the Company under the FCA's Disclosure Guidance
and Transparency Rules.
For further information, please contact:
Challenger Energy Group PLC Tel: +44 (0) 1624 647
Eytan Uliel, Chief Executive Officer 882
WH Ireland - Nomad and Joint Broker Tel: +44 (0) 20 7220
Antonio Bossi / Darshan Patel / Isaac 1666
Hooper
Zeus Capital - Joint Broker Tel: +44 (0) 20 3829
Simon Johnson 5000
Gneiss Energy Limited - Financial Tel: +44 (0) 20 3983
Adviser 9263
Jon Fitzpatrick / Paul Weidman / Doug
Rycroft
CAMARCO Tel: +44 (0) 20 3757
Billy Clegg / Hugo Liddy / Sam Morris 4980
Notes to Editors
Challenger Energy is a Caribbean and Americas focused oil and
gas company, with a range of oil production, development,
appraisal, and exploration assets in the region. The Company's
primary assets are located in Uruguay, where the Company holds high
impact offshore exploration licences, and in Trinidad and Tobago,
where the Company has a number of producing fields and
earlier-stage exploration / appraisal projects.
Challenger Energy is quoted on the AIM market of the London
Stock Exchange.
https://www.cegplc.com
ENDS
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