Prospex Energy PLC Conversion of Warrants Generates GBP100,000 (4400A)
23 Settembre 2022 - 9:06AM
UK Regulatory
TIDMPXEN
RNS Number : 4400A
Prospex Energy PLC
23 September 2022
Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and
Gas
23 September 2022
Prospex Energy PLC
('Prospex' or the 'Company')
Conversion of Warrants and TVR
Conversion of Warrants Generates GBP100,000
Prospex Energy PLC, the AIM-quoted investment company focused on
European gas and power projects, announces that it has received a
notice for the exercise of warrants to subscribe for 3,333,350 new
ordinary shares of 0.1p each in the Company ("Ordinary Shares").
The warrants were issued pursuant to a warrant agreement dated 23
February 2022 which related to a placing announced by the Company
in March 2021. The exercise price is 3 pence per warrant exercised,
therefore generating proceeds of GBP100,000.50 for the Company.
Admission to Trading and Total Voting Rights
The Company has applied to the London Stock Exchange for
admission of 3,333,350 new Ordinary Shares to trading on AIM
('Admission'). Admission is expected to occur on or around 28
September 2022. On 27 September 2022 there will be 267,459,378
Ordinary Shares in issue. Following Admission, subject to the
3,333,350 New Shares being allotted and issued there will be a
total of 270,792,728 Ordinary Shares in issue. This will be the
number of 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
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September 23, 2022 03:06 ET (07:06 GMT)
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