Prospex Energy PLC Conversion of Loan Notes and TVR (9971K)
September 01 2023 - 2:00AM
UK Regulatory
TIDMPXEN
RNS Number : 9971K
Prospex Energy PLC
01 September 2023
Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and
Gas
1 September 2023
Prospex Energy PLC
('Prospex' or the 'Company')
Conversion of Loan Notes and TVR
Prospex Energy PLC, the AIM quoted investment company focused on
European gas and power projects, announces that it has received a
notice to convert an aggregate of GBP104,745.81 in a convertible
loan note in exchange for the issue of 2,464,608 new ordinary
shares of 0.1p each in the Company ("Ordinary Shares").
The abovementioned convertible loan note was issued in July 2022
and is convertible at 4.25p per share pursuant to a Convertible
Loan Note Deed dated 18 July 2022.
Admission to Trading and Total Voting Rights
The Company has applied to the London Stock Exchange for the
admission of 2,464,608 new Ordinary Shares to trading on AIM
('Admission') as a result of the above conversion. Admission is
expected to occur on or around 6 September 2023. There are
currently 304,835,746 Ordinary Shares in issue. Following Admission
there will be a total of 307,300,354 Ordinary Shares in issue. This
will be the number of 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 Tel: +44 (0) 20 7236
PLC 1177
Ritchie Balmer Strand Hanson Tel: +44 (0) 20 7409
Rory Murphy Limited 3494
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Jerry Keen Fox-Davies Tel: +44 (0) 20 3884
Capital Limited 7447
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Andrew Monk (Corporate Broking) VSA Capital Tel: +44 (0) 20 3005
Andrew Raca/Alex Cabral (Corporate Limited 5000
Finance)
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Ana Ribeiro / Susie Geliher St Brides Partners Tel: +44 (0) 20 7236
Limited 1177
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END
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