Lansdowne Oil & Gas plc Exercise of Warrants and Total Voting Rights (9331N)
24 Enero 2019 - 1:00AM
UK Regulatory
TIDMLOGP
RNS Number : 9331N
Lansdowne Oil & Gas plc
24 January 2019
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
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).
Lansdowne Oil & Gas plc
("Lansdowne" or the "Company")
Exercise of Warrants
Total Voting Rights
24 January 2019
Lansdowne Oil & Gas plc (AIM: LOGP), the North Celtic Sea
focused, oil and gas company, announces that it has received an
exercise notice from Brandon Hill Capital ("Brandon Hill") for the
exercise of warrants over 3,500,000 ordinary shares of 0.1 pence
each ("Ordinary Shares") with an exercise price of 1 pence per
Ordinary Share, resulting in proceeds of GBP35,000 having been
delivered to the Company. The new Ordinary Shares will rank pari
passu with the Company's existing Ordinary Shares.
The warrants were due to expire on 9 February 2019. Brandon Hill
is a substantial shareholder in the Company and upon receipt of the
new Ordinary Shares will have a revised shareholding of 96,993,593
shares representing 14.58% of the shares in issue. In addition,
executives of Brandon Hill hold beneficial interests in a further
41,002,051 shares, as previously disclosed, representing a combined
enlarged holding of 137,995,644 shares, being 20.74% of the
enlarged outstanding shares in issue.
Admission to AIM and Total Voting Rights
Application has been made for admission of these 3,500,000 new
Ordinary Shares to trading on AIM ("Admission") and it is expected
that Admission will take place and that trading will commence on
AIM at 8.00 a.m. on 29 January 2019.
Following Admission, there will be a total of 665,349,846
Ordinary Shares in issue. No Ordinary Shares are held in treasury.
therefore, shareholders should use the figure of 665,349,846 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.
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
Lindsay Mair
Richard Hail
Brandon Hill Capital +44 (0) 20 3463 5061
Broker
Oliver Stansfield
Notes to editors:
About Lansdowne
Lansdowne Oil & Gas (LOGP.LN) is a North Celtic Sea
focussed, 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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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