Berkeley Energia Limited Conversion of Convertible Note (9598T)
30 November 2021 - 6:00PM
UK Regulatory
TIDMBKY
RNS Number : 9598T
Berkeley Energia Limited
30 November 2021
BERKELEY ENERGIA LIMITED
NEWS RELEASE | 30 November 2021
Conversion of Convertible Note
Berkeley Energia Limited (Berkeley or Company) advises that it
has issued 186,814,815 fully paid ordinary shares at GBP0.27 each
in the capital of the Company to Singapore Mining Acquisition Co
Pte Ltd (SGRF) (a subsidiary of the Oman Investment Authority
(OIA), formerly the State General Reserve Fund of Oman) following
the automatic conversion of the unsecured and interest free
convertible note with a principal amount of US$65 million
(Convertible Note).
The Convertible Note has been converted in accordance with the
terms of the Investment Agreement and Convertible Note entered in
with SGRF in 2017.
In relation to the writ for proceedings in the Supreme Court of
Victoria at the Melbourne Commercial Court brought against the
Company by SGRF (the Claim), the Company will strongly defend the
Claim which in the Directors' view has no merit.
Application will be made to the London and Spanish Stock
Exchanges for the new ordinary shares, which rank pari passu with
the Company's existing issued ordinary shares, to be admitted to
trading on the LSE (as depository interests) and to the Spanish
Stock Exchanges. Dealings are expected to commence in due course
(Admission).
The Company's issued ordinary share capital following Admission
will be 445,796,715 ordinary shares.
The above figure of 445,796,715 ordinary shares 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 share capital of the Company,
under the FCA's Disclosure and Transparency Rules and the CNMVs
Listing rules.
For further information, please contact:
Robert Behets Dylan Browne
Acting Managing Director CFO and Company Secretary
+61 8 9322 6322
info@berkeleyenergia.com
Notice Under Section 708A
Berkeley Energia Limited ("the Company") has today issued
186,814,815 fully paid ordinary shares. The issued shares are part
of a class of securities quoted on Australian Securities Exchange
("ASX").
The Company hereby notifies ASX under paragraph 708A(5)(e) of
the Corporations Act 2001 (Cwth)(the "Act") that:
1. the Company issued the securities without disclosure to investors under Part 6D.2 of the Act;
2. as at the date of this notice, the Company has complied with
the provisions of Chapter 2M of the Act as they apply to the
Company, and section 674 of the Act; and
3. as at the date of this notice, there is no information that
is "excluded information" within the meaning of sections 708A(7)
and (8) of the Act.
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END
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