Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas
11 April 2022
Prospex Energy PLC
('Prospex' or the 'Company')
Conversion of Warrants and TVR
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 1,000,000 new ordinary shares of 0.1p each in the Company ("Ordinary Shares"). The warrants were issued to an individual pursuant to a warrant agreement dated 23 February 2022 which related to a placing announced by the Company in March 2021. The exercise price is
Admission to Trading
The Company has applied to the London Stock Exchange for admission of 1,000,000 new Ordinary Shares to trading on AIM ('Admission'). Admission is expected to occur on or around 14 April 2022. There are currently 247,447,426 Ordinary Shares in issue and 7,361 shares held in Treasury.
Following Admission, the Company's enlarged share capital will be 248,447,426. Deducting the 7,361 held in Treasury there will accordingly be 248,440,065 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 |
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 |
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