Phoenix Global Resources PLC Exercise of Warrants (7699W)
November 17 2017 - 2:00AM
UK Regulatory
TIDMPGR
RNS Number : 7699W
Phoenix Global Resources PLC
17 November 2017
17 November 2017
Phoenix Global Resources plc
("Phoenix" or the "Company")
Exercise of Warrants
The Board of Phoenix (AIM: PGR; BCBA: PGR) announces that it has
received notices from a warrant holders to exercise warrants to
subscribe for 350,000 ordinary shares of 10 pence each (the
"Shares") at a price of 43 pence per share and 11,429 ordinary
shares of 10 pence each (the "Shares") at a price of 26 pence per
share.
The Company has received GBP153,471.54 and an application has
been made for admission of the Shares to trading on AIM and
dealings in the Shares are expected to commence at 8.00 a.m. on 21
November 2017. The Shares will rank pari passu with the Company's
existing issued ordinary shares.
Total Voting Rights
Following Admission of the 361,429 Shares and of the 10,228,089
Shares, which are the subject of a separate announcement also
issued by the Company this morning, the total number of shares in
issue will be 2,532,942,512. The Company does not hold any Shares
in treasury. This figure may be used by shareholders in the Company
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 share capital of the Company under
the Financial Conduct Authority's Disclosure Guidance and
Transparency Rules.
Ends
Enquiries:
Phoenix Global Anuj Sharma, T: +54 11 5258
Resources plc CEO 7500
Philip Wolfe, T: +44 (0) 207
CFO 839 4974
Stockdale Securities Antonio Bossi T: +44 (0) 207
Ed Thomas 601 6100
Panmure Gordon Adam James T: +44 (0) 207
Atholl Tweedie 886 2500
Camarco Billy Clegg T: +44 (0) 203
Gordon Poole 757 4980
James Crothers
About Phoenix:
Phoenix Global Resources is a London Stock Exchange (AIM: PGR)
and Buenos Aires Stock Exchange (BCBA: PGR) listed independent
Argentina focused oil and gas exploration and production company.
The Company has over 6.3 million licensed working interest acres in
Argentina (of which over 5 million are operated), 61.7 million boe
of working interest 2P reserves and average production of
approximately 11,300 working interest boepd in 2016. Phoenix has
significant exposure to the unconventional opportunity in Argentina
through its 480,000 working interest acres with Vaca Muerta
potential.
The Company's website is www.phoenixglobalresources.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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