Lansdowne Oil & Gas plc Shareholder Update (3248K)
31 Dicembre 2020 - 01:26PM
UK Regulatory
TIDMLOGP
RNS Number : 3248K
Lansdowne Oil & Gas plc
31 December 2020
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("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
Steve Boldy, the Chief Executive Officer of the Company
(responsible for arranging release of this announcement).
31 December 2020
Lansdowne Oil & Gas plc
("Lansdowne" or the "Company")
Shareholder Update
Lansdowne Oil & Gas plc (AIM: LOGP), the North Celtic Sea
focused, oil and gas company, has today been advised by Lampe,
Conway & Co LLC ("LC Capital") of the sale of 45,160,668
Ordinary Shares of 0.1 pence each in the Company ("Ordinary
Shares") in the Company (the "Trade").
The Company has been advised by LC Capital the Trade was part of
a broader year-end rebalancing, which has now been completed. The
Trade was executed in an orderly manner, with the stock being
placed to several existing long-term shareholders identified by the
Company's joint broker and significant shareholder, Brandon Hill
Capital.
LC Capital has advised the Company directly that it views the
remaining 171,241,938 Ordinary Shares it holds, representing 19.60%
of the issued share capital of the Company, as a strategic
long-term investment. Recently LC Capital entered into a one-year
extension of the repayment date of the LC Capital Master Fund Loan,
once again highlighting their ongoing support for the Company.
For further information please contact:
Lansdowne Oil & Gas plc +353 1 963 1760
Steve Boldy
SP Angel Corporate Finance LLP +44 (0) 20 3470 0470
Nominated Adviser and Joint Broker
Stuart Gledhill
Richard Hail
Brandon Hill Capital +44 (0) 20 3463 5061
Joint Broker
Oliver Stansfield
Notes to editors:
About Lansdowne
Lansdowne Oil & Gas (LOGP.LN) is a North Celtic Sea focused,
oil and gas exploration and appraisal company quoted on the AIM
market and head quartered in Dublin.
For more information on Lansdowne, please refer to
www.lansdowneoilandgas.com .
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December 31, 2020 07:26 ET (12:26 GMT)
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