Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas
16 May 2022
Prospex Energy PLC
('Prospex' or the 'Company')
Conversion of Warrants and TVR
Conversion of Warrants Generates over
Prospex Energy PLC, the AIM-quoted investment company focused on European gas and power projects, announces that it has received notice for the exercise of warrants to subscribe for 3,779,950 new ordinary shares of 0.1p each in the Company ("Ordinary Shares"). The warrants were issued to individuals pursuant to warrant agreements dated 23 February 2022 and 8 March 2021 which related to a placing announced by the Company in March 2021. The exercise prices are
Admission to Trading
The Company has applied to the London Stock Exchange for admission of 3,779,950 new Ordinary Shares to trading on AIM ('Admission'). Admission is expected to occur on or around 19 May 2022. There are currently 249,447,426 Ordinary Shares in issue and 7,361 shares held in Treasury.
Following Admission, the Company's enlarged share capital will be 253,227,376. Deducting the 7,361 held in Treasury there will accordingly be 253,220,015 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
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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 7409 3494 |
Andrew Monk (Corporate Broking) |
VSA Capital Limited |
Tel: +44 (0) 20 3005 5000 |
Colin Rowbury |
Novum Securities Limited |
Tel: +44 (0) 20 7399 9427 |
Susie Geliher |
St Brides Partners Limited
|
Tel: +44 (0) 20 7236 1177 |
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