Prospex Energy PLC Exercise of Options, CLNs and TVR (4057C)
11 Ottobre 2022 - 8:00AM
UK Regulatory
TIDMPXEN
RNS Number : 4057C
Prospex Energy PLC
11 October 2022
Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and
Gas
11 October 2022
Prospex Energy PLC
('Prospex' or the 'Company')
Exercise of Options, Conversion of Loan Notes and TVR
Prospex Energy PLC, the AIM-quoted investment company focused on
European gas and power projects, announces that it has received a
notice to convert GBP21,250 of a convertible loan note in exchange
for the issue of 500,000 new ordinary shares of 0.1p each in the
Company ("Ordinary Shares") and a notice for the exercise of share
options previously issued to subscribe for 696,171 new Ordinary
Shares.
The abovementioned convertible loan note was issued in July 2022
and each note is convertible at 4.25p pursuant to a Convertible
Loan Note Deed dated 18 July 2022.
The share options were issued pursuant to an option agreement
dated 20 July 2020 and have been exercised by a former director of
the Company. The exercise price is 4 pence per option exercised,
therefore generating proceeds of GBP27,846.84 for the Company.
Admission to Trading and Total Voting Rights
The Company has applied to the London Stock Exchange for
admission of, in aggregate, 1,196,171 new Ordinary Shares to
trading on AIM ('Admission') as a result of the above conversion
and exercise. Admission is expected to occur on or around 14
October 2022. There are currently 272,984,675 Ordinary Shares in
issue. Following Admission there will be a total of 274,180,846
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
MSCBKKBKFBDDBKD
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October 11, 2022 02:00 ET (06:00 GMT)
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