Prospex Energy PLC Conversion of Warrants and TVR (3686K)
05 May 2022 - 4:01PM
UK Regulatory
TIDMPXEN
RNS Number : 3686K
Prospex Energy PLC
05 May 2022
Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and
Gas
5 May 2022
Prospex Energy PLC
('Prospex' or the 'Company')
Conversion of Warrants and TVR
Prospex Energy PLC, the AIM quoted investment company focused on
European gas and power projects, announces that it has received
notice for the exercise of warrants to subscribe for 1,000,000 new
ordinary shares of 0.1p each in the Company ("Ordinary Shares").
The warrants were issued to an individual pursuant to a warrant
agreement dated 23 March 2022 which related to a placing announced
by the Company in March 2021. The exercise price is 3 pence per New
Ordinary Share. The Exercise of these warrants will generate
proceeds of GBP30,000 for the Company.
Admission to Trading
The Company has applied to the London Stock Exchange for
admission of 1,000,000 new Ordinary Shares to trading on AIM
('Admission'). Admission is expected to occur on or around 10 May
2022. There are currently 248,447,426 Ordinary Shares in issue and
7,361 shares held in Treasury.
Following Admission, the Company's enlarged share capital will
be 249,447,426. Deducting the 7,361 held in Treasury there will
accordingly be 249,440,065 Ordinary Shares that may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in the Company under the FCA's
Disclosure and Transparency Rules.
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 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.
* * ENDS * *
For further information visit www.prospex.energy or contact the
following:
Mark Routh Prospex Energy PLC Tel: +44 (0) 20 7236
1177
Rory Murphy Strand Hanson Limited Tel: +44 (0) 20 7409
Ritchie Balmer 3494
Colin Rowbury Novum Securities Limited Tel: +44 (0) 20 7399
Jon Belliss 9427
Duncan Vasey Peterhouse Capital Limited Tel: +44 (0) 20 7220
Lucy Williams 9797
Susie Geliher St Brides Partners Ltd Tel: +44 (0) 20 7236
Ana Ribeiro 1177
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END
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(END) Dow Jones Newswires
May 05, 2022 02:01 ET (06:01 GMT)
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