Empyrean Energy PLC Issue of Equity (9858C)
21 April 2017 - 7:30PM
UK Regulatory
TIDMEME
RNS Number : 9858C
Empyrean Energy PLC
21 April 2017
Empyrean Energy PLC / Index: AIM / Epic: EME / Sector: Oil &
Gas
21 April 2017
Empyrean Energy PLC
Issue of Equity
Further to the announcement on 15 December 2016 in relation to
the award of Block 29/11 and the passing of all resolutions at the
General Meeting of Empyrean Energy PLC ("Empyrean" or the
"Company") held on 4 April 2017, the Company has issued a total of
70,000,000 ordinary shares of 0.2p each in Empyrean (the "New
Ordinary Shares") to Topaz Energy Pty Limited ("Topaz"), a company
wholly-owned by Mr. Gaz Bisht and of which he is a director. At the
direction of Topaz, the Company has issued 35,000,000 of the New
Ordinary Shares to Keyhole Pty Ltd, a company in which Mr. Bisht
does not hold an interest ("Keyhole"). Following the issue of the
New Ordinary Shares, Topaz and Keyhole each hold an interest in
35,000,000 ordinary shares of 0.2p each (the "Ordinary Shares"),
representing 11.3% per cent. of the enlarged issued share capital
of the Company.
Application will be made for the New Ordinary Shares to be
admitted to trading on AIM. Admission is expected to take place on
27 April 2017. These New Ordinary Shares will rank pari passu with
the existing Ordinary Shares.
Following the issue of the New Ordinary Shares, Empyrean's total
issued share capital will comprise 309,833,853 Ordinary Shares,
each with voting rights. This figure 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, securities of the Company under the Financial
Conduct Authority's Disclosure and Transparency Rules.
**ENDS**
Empyrean Energy plc
Tom Kelly Tel: +61 8 9481 0389
Cenkos Securities plc
Neil McDonald Tel: +44 (0) 131 220 9771
Beth McKiernan Tel: +44 (0) 131 220 9778
Nick Tulloch Tel: +44 (0) 131 220 9772
St Brides Partners Ltd
Elisabeth Cowell Tel: +44 (0) 20 7236 1177
Lottie Brocklehurst Tel: +44 (0) 20 7236 1177
This information is provided by RNS
The company news service from the London Stock Exchange
END
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