Ncondezi Energy Limited Shareholder Loan Conversion and Correction (5406A)
30 Mayo 2019 - 1:01AM
UK Regulatory
TIDMNCCL
RNS Number : 5406A
Ncondezi Energy Limited
30 May 2019
News Release
Shareholder Loan Conversion and Correction
30 May 2019: Ncondezi Energy Limited ("Ncondezi" or the
"Company") (AIM: NCCL) announces:
i. the receipt of a new shareholder loan conversion notice in
relation to 1,546,934 new ordinary shares of no par value in the
Company ("Ordinary Shares") from a lender at a conversion price of
10.0p per share ("30 May Conversion Notice"); and
ii. in relation to the announcement of the Company dated 17 May
2019, the correction of the number of Ordinary Shares stated in
relation to the shareholder loan conversion notice ("17 May
Conversion Notice"), which is 1,062,136 instead of 1,541,209 as was
stated therein.
As a result of the 17 May Conversion Notice and the 30 May
Conversion Notice, 1,541,209 Ordinary Shares were issued on 23 May
2019 and a further 1,067,861 Ordinary Shares will be issued on 4
June 2019.
In aggregate, 2,062,136 Ordinary Shares were admitted to trading
on AIM on 23 May 2019. A further application has been made for an
additional 1,546,934 new Ordinary Shares (the "New Ordinary
Shares") to be admitted to trading on AIM with admission expected
to take place at 8.00 am on 4 June 2019.
Following admission of the New Ordinary Shares referred to
herein, the Company's enlarged issued share capital will comprise
320,349,232 ordinary shares with voting rights. 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 in their interest in, the
share capital of the Company under the FCA's Disclosure and
Transparency Rules.
Enquiries
For further information please visit www.ncondezienergy.com or
contact:
Ncondezi Energy: Hanno Pengilly +27 (0) 71 362 3566
Liberum Capital Limited: Andrew Godber, Edward Thomas, +44 (0) 20 3100
NOMAD & Joint Broker Kane Collings 2000
Novum Securities
Limited +44 (0) 20 7399
Joint Broker Colin Rowbury 9427
Note:
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation ("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 Hanno Pengilly,
Chief Development Officer of the Company (responsible for arranging
release of this announcement) on +27 (0) 71 362 3566.
Ncondezi owns 100% of the Ncondezi Project which is
strategically located in the power generating hub of the country,
the Tete Province in northern Mozambique. The Company is developing
an integrated thermal coal mine and power plant in phases of 300MW
up to 1,800MW. The first 300MW phase is targeting domestic
consumption in Mozambique using reinforced existing transmission
capacity to meet current demand.
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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