Baron Oil PLC Correction to number of shares admitted to AIM (8270U)
01 August 2020 - 1:30AM
UK Regulatory
TIDMBOIL
RNS Number : 8270U
Baron Oil PLC
31 July 2020
31 July 2020
Baron Oil Plc
("Baron Oil", "Baron" or "the Company")
Correction to number of shares admitted to trading on AIM
Baron Oil Plc (AIM:BOIL), the AIM-quoted oil and gas exploration
company focused on opportunities in SE Asia, Latin America and the
UK, has identified that, due to administrative errors over the 2005
to 2010 period, the total number of ordinary shares of 0.025p each
in the Company ("Ordinary Shares") that are in issue does not match
the number of Ordinary Shares for which applications have been made
for admission to trading on AIM. The Company has therefore applied
for 53,975,250 Ordinary Shares to be admitted to trading on AIM
("Admission") and the date on which Admission is expected to become
effective is on or arou nd 6 August 2020. The 53,975,250 Ordinary
Shares that were omitted from admission to trading on AIM represent
approximately 1.2% of the issued share capital of the Company.
The Company's issued share capital consists of 4,426,409,576
Ordinary Shares and following the Admission of the 53,975,250
Ordinary Shares to trading on AIM this figure will remain unchanged
from the Company's last total voting rights announcement which was
made on 31 March 2020. The Company does not hold any Ordinary
Shares in treasury. Therefore, the total number of Ordinary Shares
in the Company with full voting rights is 4,426,409,576. Following
Admission, the number of Ordinary Shares admitted to trading on AIM
will also be 4,426,409,576.
For further information, please contact:
Baron Oil Plc +44 (0)20 7117 2849
Dr Malcolm Butler, Executive Chairman
Andy Yeo, Managing Director
Allenby Capital Limited +44 (0)203 328 5656
Nominated Adviser and Joint Broker
Alex Brearley, Nick Harriss, Nick Athanas
Turner Pope Investments (TPI) Limited +44 (0)20 3657 0050
Joint Broker
Andy Thacker, Zoe Alexander
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Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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