i3 Energy PLC Loan Conversion (2672P)
25 May 2018 - 4:00PM
UK Regulatory
TIDMI3E
RNS Number : 2672P
i3 Energy PLC
25 May 2018
25 May 2018
i3 Energy plc
("i3" or the "Company")
Loan Conversion
The Company announces that on 25 May 2018, in relation to the
Loan Note Agreement as announced on 6 February 2018, it received
notice of exercise from James Caird Asset Management ("JCAM") to
convert part of the loan with an aggregate par value of US$500,000,
into shares. Following this conversion, the value outstanding on
the Loan will be US$1,000,000.
i3 Energy has therefore today allotted 925,926 ordinary shares
to JCAM which will rank pari passu in all respects with the
existing ordinary shares.
Application has been made for these new ordinary shares to be
admitted to trading on AIM and it is anticipated that trading in
such shares will commence on or around 1 June 2018.
Following Admission, the Company's enlarged issued share capital
will comprise 37,623,250 ordinary shares. The Company does not hold
any shares in treasury. The total voting rights in the Company is
therefore 37,623,250 ordinary shares and this figure may be used by
Shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of
the Company under the FCA's Disclosure and Transparency Rules.
CONTACT DETAILS:
i3 Energy plc
Neill Carson (CEO) / Graham Heath c/o Camarco
(CFO) Tel: +44 (0) 203 757
4980
WH Ireland Limited (Nomad and Joint
Broker)
James Joyce, James Sinclair-Ford Tel: +44 (0) 207 220
1666
GMP FirstEnergy (Joint Broker)
Jonathan Wright, David van Erp Tel: +44 (0) 207 448
0200
Camarco
Georgia Edmonds, Jane Glover, James Tel: +44 (0) 203 757
Crothers 4980
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END
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