Prospex Energy PLC Conversion of Warrants and Total Voting Rights (2960X)
26 Agosto 2022 - 8:00AM
UK Regulatory
TIDMPXEN
RNS Number : 2960X
Prospex Energy PLC
26 August 2022
Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and
Gas
26 August 2022
Prospex Energy PLC
('Prospex' or the 'Company')
Conversion of Warrants and Total Voting Rights
Conversion of Warrants Generates over GBP99,000
Prospex Energy PLC, the AIM-quoted investment company focused on
European gas and power projects, announces that it has received
notice for the exercise of warrants to subscribe for 3,473,350 new
ordinary shares of 0.1p each in the Company ("Ordinary Shares").
The warrants were issued to individuals pursuant to warrant
agreements dated 23 February 2022 and 8 March 2021 which related to
a placing announced by the Company in March 2021. The exercise
prices are 3 pence per New Ordinary Share for 2,833,350 warrants
and 2.25 pence per New Ordinary Share for 640,000 warrants. The
Exercise of these warrants will generate proceeds of GBP99,400.50
for the Company.
Admission to Trading
The Company has applied to the London Stock Exchange for
admission of 3,473,350 new Ordinary Shares to trading on AIM
('Admission'). Admission is expected to occur on or around 1
September 2022. There are currently 253,227,376 Ordinary Shares in
issue and 7,361 shares held in Treasury.
Following Admission, the Company's enlarged share capital will
be 256,700,726. Deducting the 7,361 held in Treasury there will
accordingly be 256,693,365 Ordinary Shares that 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 FCA's
Disclosure and Transparency Rules.
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR") and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
* * ENDS * *
For further information visit www.prospex.energy or contact the
following:
Mark Routh Prospex Energy PLC Tel: +44 (0) 20
7236 1177
Ritchie Balmer Strand Hanson Limited Tel: +44 (0) 20
Rory Murphy 7409 3494
Andrew Monk (Corporate Broking) VSA Capital Limited Tel: +44 (0) 20
Andrew Raca/Alex Cabral (Corporate 3005 5000
Finance)
Colin Rowbury Novum Securities Tel: +44 (0) 20
Jon Belliss Limited 7399 9427
Susie Geliher St Brides Partners Tel: +44 (0) 20
Ana Ribeiro Limited 7236 1177
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END
MSCFLFVTTSIEFIF
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August 26, 2022 02:00 ET (06:00 GMT)
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