i3 Energy PLC Loan Conversion (5766Q)
07 June 2018 - 4:00PM
UK Regulatory
TIDMI3E
RNS Number : 5766Q
i3 Energy PLC
07 June 2018
i3 Energy plc
("i3" or the "Company")
Loan Conversion
The Company announces that on 5 June 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$
1,000,000, into shares. Following this conversion, the value
outstanding on the Loan will be US$ Nil.
i3 has therefore today allotted 1,851,852 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 12 June 2018.
Following Admission, the Company's enlarged issued share capital
will comprise 39,475,102 ordinary shares. The Company does not hold
any shares in treasury. The total voting rights in the Company is
therefore 39,475,102 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 c/o Camarco
Heath (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
Canaccord Genuity Limited (Joint Tel: +44 (0) 207 523 8000
Broker)
Henry Fitzgerald- O'Connor,
James Asensio
Camarco Tel: +44 (0) 203 757 4980
Georgia Edmonds, Jane Glover,
James Crothers
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contact rns@lseg.com or visit www.rns.com.
END
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