Andalas Energy and Power Plc
Result of AGM and Total Voting
Rights
3 August
2018
Andalas Energy and
Power Plc
(‘Andalas’ or the
‘Company’)
Result of AGM and
Total Voting Rights
The Annual General Meeting ("AGM") for Andalas Energy and Power
plc (AIM:ADL) was held today at 10.00am. All resolutions were
passed.
Following the passing of the resolutions at the AGM, the
Conditional Placing, as announced on 11 July
2018, was approved. Accordingly, the Company has
issued the conditional placing shares totalling 3,000,000,000
Ordinary Shares, which will rank pari passu in all
respects with all existing ordinary shares in the Company, and has
applied for Admission to trading on AIM of such shares with effect
from 6 August 2018. Following Admission, the Company will
have an issued share capital of 14,662,162,387 Ordinary Shares.
Furthermore following the passing of the Share Consolidation
resolution at the AGM, every 50 Existing Ordinary Shares that are
in issue as at the close of business 9
August 2018, will be consolidated into one New Ordinary
Share. Accordingly there will be 293,243,247 New
Ordinary Shares in issue compared with the pre-consolidation total
of 14,662,162,387 Ordinary Shares.
The New Ordinary Shares arising on implementation of the share
consolidation will have the same rights as the Existing Ordinary
Shares, including voting and other rights. The Company's new
Stock Exchange Daily Official List ("SEDOL") code will be BZ7PNY7
and its new ISIN code will be IM00BZ7PNY71. The Company's
Tradable Instrument Display Mnemonic ("TIDM") remains unchanged:
"ADL".
Application will be made for the New Ordinary Shares to be
admitted to trading on AIM ("Admission") and dealings are expected
to commence at 8:00 am on
10 August 2018.
As no shares are held in treasury, the above figure of
14,662,162,387 should be used by shareholders as the denominator
for the calculations by which they determine whether 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
with effect from 6 August 2018.
From 10 August 2018, the Company
will have an issued share capital of 293,243,247 New Ordinary
Shares and it is this figure that should then be used by
shareholders as the denominator for the calculations by which they
determine whether 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
The information contained within this
announcement is deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU)
No. 596/2014 ('MAR). Upon the publication of this
announcement via a Regulatory Information Service ('RIS'), this
inside information is now considered to be in the public
domain.
Simon Gorringe |
Andalas Energy and Power Plc |
Tel: +62 21 2965 5800 |
Roland Cornish/ James Biddle |
Beaumont Cornish Limited
(Nominated Adviser) |
Tel: +44 20 7628 3396 |
Colin Rowbury
|
Novum Securities Limited
(Joint Broker) |
Tel: +44 207 399 9427 |
Christian Dennis |
Optiva Securities Limited
(Joint Broker) |
Tel: +44 20 3411 1881 |
Stefania Barbaglio |
Cassiopeia Services Ltd |
Stefania@cassiopeia-ltd.com |