Ncondezi Energy Limited Shareholder Loan Conversion (8089V)
11 April 2019 - 12:30AM
UK Regulatory
TIDMNCCL
RNS Number : 8089V
Ncondezi Energy Limited
10 April 2019
News Release
Shareholder Loan Conversion
10 April 2019: Ncondezi Energy Limited ("Ncondezi" or the
"Company") (AIM: NCCL) announces the receipt of a shareholder loan
conversion notice in relation to 1,049,643 shares from lenders at a
conversion price of 10.0p per share.
In relation to this conversion, the Company has issued and
allotted 1,049,643 new ordinary shares of no par value ("Ordinary
Shares"). An application has been made for the Ordinary Shares,
which will rank pari passu with the Company's existing ordinary
shares, to be admitted to trading on AIM with admission expected to
take place at 8.00 am on 15 April 2019.
Following admission of the Ordinary Shares, the Company's
enlarged issued share capital will comprise 315,975,997 ordinary
shares with voting rights. 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.
Enquiries
For further information please visit www.ncondezienergy.com or
contact:
Ncondezi Energy: Hanno Pengilly +27 (0) 71 362 3566
Liberum Capital Limited: Christopher Britton / Richard +44 (0) 20 3100
NOMAD & Joint Broker Crawley 2000
Novum Securities
Limited +44 (0) 20 7399
Joint Broker Colin Rowbury 9427
Note:
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation ("MAR"). Upon the publication of this
announcement via Regulatory Information Service ("RIS"), this
inside information is now considered to be in the public domain. If
you have any queries on this, then please contact Hanno Pengilly,
Chief Development Officer of the Company (responsible for arranging
release of this announcement) on +27 (0) 71 362 3566.
Ncondezi owns 100% of the Ncondezi Project which is
strategically located in the power generating hub of the country,
the Tete Province in northern Mozambique. The Company is developing
an integrated thermal coal mine and power plant in phases of 300MW
up to 1,800MW. The first 300MW phase is targeting domestic
consumption in Mozambique using reinforced existing transmission
capacity to meet current demand.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
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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