Admission to AIM and Voluntary Delisting from the Toronto Stock Exchange
18 May 2018 - 5:05PM
Serinus Energy Plc (“Serinus” or the “Company”)
(TSX:SEN)(AIM:SENX)(WARSAW:SEN), the international upstream oil and
gas exploration and production company that owns and operates
projects in Tunisia and Romania is pleased to announce that at
8.00am today its entire issued share capital was admitted to
trading on AIM.
The Placing announced on 15 May 2018 has closed
successfully, resulting in the issue of 66,666,667 new ordinary
shares of no par value in the Company at 15 pence per share,
raising aggregate gross proceeds for the Company of approximately
£10 million.
The Company’s total number of shares in issue
following Admission is 217,318,805.
Voluntary delisting from the Toronto
Stock Exchange
The Company also announces that it has applied
for a voluntary delisting of its ordinary shares from the Toronto
Stock Exchange (“TSX”) in Canada (the “Delisting”). The Company
intends to voluntarily delist from the TSX post-market on May 22,
2018, retaining its listings on the Warsaw Stock Exchange and
AIM.
The Company believes that the relatively low
trading volume of its shares on the TSX over a sustained period no
longer justifies the financial and administrative costs associated
with maintaining a TSX listing.
Shareholders of the Company (the “Shareholders”)
currently hold shares of the Company (the “Shares”) in physical
certificated form or through the Canadian Depositary for Securities
(“CDS”). Following the Delisting, Shareholders wishing to trade
their Shares on AIM will require that such shares are made eligible
to be transferred and settled though CREST, the United Kingdom
based share transfer and settlement system. Shares cannot be
transferred and settled through CREST until a Shareholder’s CDS
Participant broker or the Shareholder, if the Shares are held in
certificated form, as applicable, validly instructs Computershare
Trust Company of Canada (“Computershare”) to arrange for the Shares
to be held by a CREST participant broker. This can be done by
completing a ‘Register Removal Request – Canada to Jersey’ form,
with valid CREST participant account details, and submitting such
form to Computershare via email at
globaltransactionteam@computershare.com.
For any questions on this process please contact
Computershare’s global transaction unit by phone at +1 (877)
624-5999. The Company intends to maintain CDS eligibility for its
shares until June 29, 2018 in order to allow Shareholders time to
complete the process contemplated above.
The Company encourages Shareholders who hold
Shares through a CDS participant broker to contact their broker for
further information on the foregoing.
About Serinus
Serinus is an international upstream oil and gas
exploration and production company that owns and operates projects
in Tunisia and Romania.
For further information, please refer to
the Serinus website (www.serinusenergy.com) or contact the
following:
Serinus Energy
Plc +1-403-264-8877 Jeffrey
Auld, Chief Executive Officer Calvin Brackman, Vice President,
External Relations & Strategy Numis Securities Limited
+44 (0) 20 7260
1000 (Nominated Adviser and Joint Broker) John Prior Paul Gillam
Ben Stoop GMP
FirstEnergy
+44 (0) 20 7448 0200 (Joint Broker) Hugh Sanderson Jonathan
Wright
Forward Looking Statement
DisclaimerThis news release includes forward looking
information and statements within the meaning of securities laws.
Such statements relate to the Corporation’s or management’s
objectives, projections, estimates, expectations, or predictions of
the future and can be identified by words such as “plans”,
“assumes”, “will”, “anticipate” and “may” or variations of such
words. These statements are based on certain assumptions and
analyses by the Corporation that reflect its experience and
understanding of future developments. Such statements are subject
to a number of uncertainties, including, but not limited to,
delisting from the Toronto Stock Exchange and continued listing on
the Warsaw Stock Exchange and AIM, the Corporation’s ability to
realize the anticipated benefits of the delisting and other factors
identified in the Corporation’s filings with regulatory authorities
in Canada. Many of these uncertainties are beyond the Corporation’s
control and, therefore, may cause actual actions or results to
differ from those expressed or implied herein. The Corporation
disclaims any intention or obligation to update or revise any
forward looking statements, whether as a result of new information,
future events or otherwise, unless required by law.
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