Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas
28 September 2021
Prospex Energy PLC
Conversion of Loan Notes, Warrants and TVR
Prospex Energy PLC, ('Prospex' or the 'Company') the AIM quoted investment company (AIM:PXEN) focused on European gas and power projects, announces that it has issued a total of 10,071,523 ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares"), following the conversion of warrants over Ordinary Shares ("Warrants") and the conversion of convertible loan notes granted in December 2020 (the "2020 CLNs").
1,338,282 Warrants have been converted by one individual and one organisation who were granted the Warrants pursuant to a warrant agreement dated 23 December 2020 and as announced by the Company on 24 December 2020. The warrants have been exercised at 2.25p and therefore the Company has received
The conversion of the 2020 CLNs will cancel a total of
Two of the Company's directors are converting all of their 2020 CLNs (one via a SIPP). As they are Persons Discharging Managerial Responsibility, ('PDMR'), the required PDMR forms are set out below this announcement.
Admission to Trading
The Company has today applied to the London Stock Exchange for admission of, in aggregate, 10,071,523 new Ordinary Shares to trading on AIM ('Admission'). Admission is expected to occur on or around 1 October 2021. On 30 September 2021 there will be 165,443,312 Ordinary Shares in issue and 7,361 shares held in Treasury. Following Admission, there will be 175,514,835 Ordinary Shares in issue. Deducting the 7,361 held in Treasury there will accordingly be 175,507,474 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
* * 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 |
|
Susie Geliher |
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 |
Conversion of Loan Notes |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information Aggregated volume Price |
1,312,359 |
||||
|
e) |
Date of the transaction |
28 September 2021 |
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|
f) |
Place of the transaction |
|
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PDMR Notification
|
1. |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
The personal SIPP of 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 |
Conversion of Loan Notes |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information Aggregated volume Price |
653,822 |
||||
|
e) |
Date of the transaction |
28 September 2021 |
||||
|
f) |
Place of the transaction |
|
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