Tlou Energy Ltd Completion of Private Placement (9002O)
06 October 2023 - 5:00PM
UK Regulatory
TIDMTLOU
RNS Number : 9002O
Tlou Energy Ltd
06 October 2023
6 October 2023
Tlou Energy Limited
("Tlou" or "the Company")
Completion of Private Placement
Tlou Energy Limited is pleased to announce that it has raised
A$678,976.62 (GBP355,000, BWP5.85 million) pursuant to a placing of
19,399,332 new ordinary shares of no par value at an issue price of
A$0.035 (GBP0.0183, BWP0.30) per share ("New Shares") .
The funds have been raised from Australian and UK based
sophisticated investors and will go towards development of Tlou's
Lesedi project in Botswana.
The issue price represents approximately a 25% premium to the
closing ASX share price on 5 October 2023 of A$0.028 and a 21.4%
premium to the 15-day volume weighted average price for Tlou's
shares traded on the ASX of A$0.02882.
The 19,399,332 New Shares being issued under the Placement will
be issued under the Company's capacity under ASX Listing Rule 7.1.
The settlement of the Placement will be completed on Monday 9
October 2023. Application will be made for the allotment and
quotation of the New Shares to trading on ASX, AIM, and BSE with
the quotation of the shares expected to take place on, or around 12
October 2023 ("Admission"). The New Shares will, when issued, be
credited as fully paid and will rank pari passu in all respects
with the Company's existing issued ordinary shares from issue.
Total voting rights
For the purposes of the Financial Conduct Authority's Disclosure
Guidance and Transparency Rules ("DTRs"), following the issue of
the New Shares, the Company's enlarged share capital will comprise
1,043,982,357 ordinary shares of no par value ("Ordinary Shares").
All of the Ordinary Shares have equal voting rights and there are
no shares held in Treasury. This figure of 1,043,982,357 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, the Company under
the DTRs.
The information contained within this announcement is deemed to
constitute inside information as stipulated under the retained EU
law version of the Market Abuse Regulation (EU) No. 596/2014 (the
"UK MAR") which is part of UK law by virtue of the European Union
(withdrawal) Act 2018. The information is disclosed in accordance
with the Company's obligations under Article 17 of the UK MAR. Upon
the publication of this announcement, this inside information is
now considered to be in the public domain.
By Authority of the Board of Directors
Mr. Anthony Gilby
Managing Director
****
For further information regarding this announcement please
contact:
Tlou Energy Limited +61 7 3040 9084
Tony Gilby, Managing Director
----------------------
Solomon Rowland, General Manager
----------------------
Grant Thornton (Nominated Adviser) +44 (0)20 7383 5100
----------------------
Harrison Clarke, Colin Aaronson, Ciara Donnelly
----------------------
Zeus Capital (UK Broker) +44 (0)20 3829 5000
----------------------
Simon Johnson
----------------------
Investor Relations
----------------------
Ashley Seller (Australia) +61 418 556 875
----------------------
FlowComms Ltd - Sasha Sethi (UK) +44 (0) 7891 677 441
----------------------
About Tlou
Tlou is developing energy solutions in Sub-Saharan Africa
through gas-fired power and ancillary projects. The Company is
listed on the ASX (Australia), AIM (UK) and the BSE (Botswana). The
Lesedi Gas-to-Power Project ("Lesedi") is 100% owned and is the
Company's most advanced project. Tlou's competitive advantages
include the ability to drill cost effectively for gas, operational
experience and Lesedi's strategic location in relation to energy
customers. All major government approvals have been achieved.
Forward-Looking Statements
This announcement may contain certain forward-looking
statements. Actual results may differ materially from those
projected or implied in any forward-looking statements. Such
forward-looking information involves risks and uncertainties that
could significantly affect expected results. No representation is
made that any of those statements or forecasts will come to pass or
that any forecast results will be achieved. You are cautioned not
to place any reliance on such statements or forecasts. Those
forward-looking and other statements speak only as at the date of
this announcement. Save as required by any applicable law or
regulation, Tlou Energy Limited undertakes no obligation to update
any forward-looking statements.
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
IOEDBBDGGXGDGXU
(END) Dow Jones Newswires
October 06, 2023 02:00 ET (06:00 GMT)
Tlou Energy (LSE:TLOU)
Historical Stock Chart
From Apr 2024 to May 2024
Tlou Energy (LSE:TLOU)
Historical Stock Chart
From May 2023 to May 2024