PROVIDENCE RES. Exercise Of Warrants
05 May 2021 - 12:10AM
UK Regulatory
TIDMPVR
Providence Resources P.l.c.
Exercise of Warrants
Dublin and London -- 4 May 2021 - Providence Resources P.l.c. (PVR LN,
PRP ID), the Irish based resource development company ("Providence" or
the "Company"), announces that 16,312,108 warrants of 3p each have been
exercised raising GBP489,363.24 for the Company. The warrants were
issued as part of the fundraising in May 2020. The non-executive
Chairman of Providence Resources Plc, Pat Plunkett has exercised one
million warrants which are included in the figure. Providence Resources
has issued a total of 16,312,108 new Ordinary Shares (the "New Ordinary
Shares") to the warrant holders.
Application will be made to the London Stock Exchange and Euronext
Dublin for the New Ordinary Shares to be admitted to trading on AIM and
Euronext Growth. It is expected that admission to trading on each
exchange ("Admission") will become effective and that dealings in the
New Ordinary Shares will commence on AIM and Euronext Growth at 8.00
a.m. on 11 May 2021.
The New Ordinary Shares will be issued and credited as fully paid and
will rank in full for all dividends and other distributions declared,
made or paid after the admission of those Ordinary Shares and will
otherwise rank on Admission pari passu in all respects with each other
and with the existing Ordinary Shares in the Company. The total issued
share capital of the Company, as increased by the New Ordinary Shares,
will be 951,846,511 Ordinary Shares.
Pat Plunkett, the non-executive Chairman of Providence Resources Plc and
a Person Discharging Managerial Responsibilities has exercised 1,000,000
warrants. After the exercise of the warrants, Pat's shareholding in the
Company is 3,750,000 representing 0.394% of the issued share capital.
In May 2020, there were 177,973,400 GBP0.03 and GBP0.09 warrants issued
as part of the fundraising. To date there have been 110,332,847 GBP0.03
warrants converted in shares raising an additional GBP3,309,985.40.
There are still 67,640,553 GBP0.03 warrants outstanding which will
expire on the 6(th) May 2021.
INVESTOR ENQUIRIES
Providence Resources P.l.c. Tel: +353 1 219 4074
Alan S Linn,
Chief Executive Officer
Joe Langbroek
Investor Relations
J&E Davy Tel: +353 1 679 6363
Anthony Farrell
Murray Consultants Tel: +353 1 498 0300
Joe Heron
(END) Dow Jones Newswires
May 04, 2021 10:10 ET (14:10 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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