Prospex Energy PLC Conversion of Warrants and TVR (4793M)
September 21 2021 - 6:44AM
UK Regulatory
TIDMPXEN
RNS Number : 4793M
Prospex Energy PLC
21 September 2021
Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and
Gas
21 September 2021
Prospex Energy PLC
Conversion of 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 1,111,111
ordinary shares of 0.1p each in the capital of the Company
("Ordinary Shares"), following the conversion of warrants over
Ordinary Shares held by an individual which were granted 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 GBP25,000.00 as a
result of the conversion.
Admission to Trading
The Company has applied to the London Stock Exchange for
admission of 1,111,111 new Ordinary Shares to trading on AIM
('Admission'). Admission is expected to occur on or around 24
September 2021. There are currently 163,887,757 Ordinary Shares in
issue and 7,361 shares held in Treasury. Following Admission, there
will be 164,998,868 Ordinary Shares in issue. Deducting the 7,361
held in Treasury there will accordingly be 164,991,507 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 UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR") and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
* * 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
Ritchie Balmer 3494
Colin Rowbury Novum Securities Limited Tel: +44 (0) 20 7399
Jon Belliss 9427
Duncan Vasey Peterhouse Capital Limited Tel: +44 (0) 20 7220
9797
Susie Geliher St Brides Partners Ltd Tel: +44 (0) 20 7236
Catherine Leftley 1177
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September 21, 2021 06:44 ET (10:44 GMT)
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