Lansdowne Oil & Gas plc Warrant Amendment (7105G)
July 20 2023 - 12:00PM
UK Regulatory
TIDMLOGP
RNS Number : 7105G
Lansdowne Oil & Gas plc
20 July 2023
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the retained EU law version of the Market Abuse Regulations (EU)
No. 596/2014 ("MAR"). Upon the publication of this announcement via
Regulatory Information Service ("RIS"), this inside information is
now considered to be in the public domain. If you have any queries
on this, then please contact Steve Boldy, the Chief Executive
Officer of the Company (responsible for arranging release of this
announcement).
20 July 2023
Lansdowne Oil & Gas plc
("Lansdowne" or the "Company")
Warrant Amendment
Lansdowne Oil & Gas plc (AIM: LOGP), the North Celtic Sea
focused oil and gas company, is pleased to announce that, it has
now formally agreed the amendment to the LC Warrant Instrument in
accordance with the terms set out in the Equity Placing
announcement of earlier today.
The amendment provides for the LC Warrants resulting from the
equity placing to be granted on admission of the Conditional
Placing Shares to trading on AIM (some of which would otherwise
have been due for grant upon admission of the Firm Placing
Shares).
The Broker Warrants and the LC Warrants will not be granted
until the issue of the Conditional Placing Shares and as such are
conditional upon, inter alia, the passing of the Resolutions.
Related Party Transaction
As LC is a substantial shareholder in the Company as defined
under the AIM Rules for Companies (the "AIM Rules"), it is
considered to be a Related Party of the Company as defined under
the AIM Rules and the amendments to the LC Warrants (the "Warrant
Amendments"), are considered to be a Related Party Transaction
pursuant to Rule 13 of the AIM Rules.
The Directors of the Company independent from the Warrant
Amendments, being the full Board, consider, having consulted with
the Company's Nominated Adviser, SP Angel Corporate Finance LLP,
that the terms of the Warrant Amendments are fair and reasonable
insofar as the Company's Shareholders are concerned.
All capitalised terms used in this announcement are as defined
in the Equity Placing announcement.
For further information please contact:
Lansdowne Oil & Gas plc +353 1 963 1760
Steve Boldy
SP Angel Corporate Finance LLP +44 (0) 20 3470 0470
Nominated Adviser and Joint
Broker
Stuart Gledhill
Richard Hail
Charlie Bouverat
Tavira Financial Limited +44 (0) 20 3192 1739
Joint Broker
Oliver Stansfield
Notes to editors:
About Lansdowne
Lansdowne Oil & Gas (LOGP.LN) is a North Celtic Sea focused,
oil and gas exploration and appraisal company quoted on the AIM
market and head quartered in Dublin.
For more information on Lansdowne, please refer to
www.lansdowneoilandgas.com .
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END
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