Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas
20 August 2021
Prospex Energy PLC ('Prospex' or the 'Company')
Conversion of Warrants and TVR
Prospex Energy PLC, the AIM quoted investment company (AIM:PXEN) focused on European gas and power projects, has issued a total of 11,644,817 ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares"), following the conversion of certain warrants granted pursuant to warrant agreements dated 23 December 2020 (and as announced by the Company on 24 December 2020). All warrants have been exercised at 2.25p and therefore the Company has received c.
The names of the individuals, the number of warrants exercised, the number of new Ordinary Shares that will be issued and the resultant percentage holding of Ordinary Shares are as follows:-
Name |
No. of Warrants Exercised and No. of New Ordinary Shares Issued |
Resultant holding of Ordinary Shares |
Resultant percentage holding of Ordinary Shares |
Colin Wilson |
8,888,888 |
18,644,986 |
11.66% |
Bill Smith |
1,195,705 |
3,894,438 |
2.43% |
James Smith |
964,519 |
4,890,858 |
3.06% |
Richard Mays* |
595,705 |
708,105 |
0.44% |
Total |
11,644,817 |
|
|
*This exercise notice was received on behalf of the Trustees of the SIPP of Elaine and Richard Mays who are the beneficial owners of the warrants.
Bill Smith and Richard Mays are directors of the Company, thus as Persons Discharging Managerial Responsibility ('PDMR') - the PDMR Notifications are set out below.
Admission to Trading and TVR
The Company has applied to the London Stock Exchange for admission of 11,644,817 new Ordinary Shares to trading on AIM ('Admission'). Admission is expected to occur on 25 August 2021. There are currently 148,299,898 Ordinary Shares in issue and 7,361 shares held in Treasury. Following Admission, there will be 159,944,715 Ordinary Shares in issue. Deducting the 7,361 held in Treasury there will accordingly be 159,937,354 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.
Mark Routh, CEO of Prospex, commented:
"The receipt of funds from the conversion of these warrants is very useful at the current time. This together with recent record monthly income from the El Romeral power plant in southern
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of
* * ENDS * *
For further information visit www.prospex.energy or contact the following:
Mark Routh |
Prospex Energy PLC |
Tel: +44 (0) 20 7236 1177 |
Rory Murphy |
Strand Hanson Limited
|
Tel: +44 (0) 20 7409 3494 |
Colin Rowbury |
Novum Securities Limited |
Tel: +44 (0) 20 7399 9427 |
Duncan Vasey |
Peterhouse Capital Limited |
Tel: +44 (0) 20 7220 9797 |
Frank Buhagiar |
St Brides Partners Ltd
|
Tel: +44 (0) 20 7236 1177 |
PDMR Notification
1. |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
a) |
Name |
William Smith |
||||
2. |
Reason for the Notification |
|||||
a) |
Position/status |
Director of the Company |
||||
b) |
Initial notification/amendment |
Initial notification |
||||
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
a) |
Name |
Prospex Energy Plc |
||||
b) |
LEI |
213800NY9RH8O1B72D27 |
||||
4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted |
|||||
a) |
Description of the Financial instrument, type of instrument |
Ordinary shares of 0.1p each in the share capital of Prospex Energy plc |
||||
Identification code |
GB00BMFZVZ53 |
|||||
b) |
Nature of the Transaction |
Exercise of Warrants |
||||
c) |
Price(s) and volume(s) |
|
||||
d) |
Aggregated information Aggregated volume Price |
1,195,705 |
||||
e) |
Date of the transaction |
16 August 2021 |
||||
f) |
Place of the transaction |
|
1. |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
a) |
Name |
Richard Mays |
||||
2. |
Reason for the Notification |
|||||
a) |
Position/status |
Director of the Company |
||||
b) |
Initial notification/amendment |
Initial notification |
||||
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
a) |
Name |
Prospex Energy Plc |
||||
b) |
LEI |
213800NY9RH8O1B72D27 |
||||
4. |
Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted |
|||||
a) |
Description of the Financial instrument, type of instrument |
Ordinary shares of 0.1p each in the share capital of the Prospex Energy plc |
||||
Identification code |
GB00BMFZVZ53 |
|||||
b) |
Nature of the Transaction |
Exercise of Warrants |
||||
c) |
Price(s) and volume(s) |
|
||||
d) |
Aggregated information Aggregated volume Price |
595,705 |
||||
e) |
Date of the transaction |
16 August 2021 |
||||
f) |
Place of the transaction |
|
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