13 November 2024
Empyrean
Energy Plc
("Empyrean" or the
"Company")
Posting of
Circular
Empyrean Energy plc ("Empyrean" or the "Company"), the oil and gas development
company with interests in Indonesia and the United States,
announces that the Circular to Shareholders in connection with the
Proposed Fundraising and the Capital Reorganisation, including the
Notice of General Meeting, is being posted
to Shareholders today and will be available on the Company's
website at https://www.empyreanenergy.com/.
As previously announced, the
Fundraise and Capital Reorganisation are each conditional on, inter
alia, shareholder approval of certain resolutions to be proposed at
a general meeting of the Company to be held at the offices of the
Cavendish at 1 Bartholomew Close, London, EC1A 7BL at 10.00 a.m. on
Monday, 2 December 2024.
Admission, settlement and dealings
Application will be made for
admission of the New Ordinary Shares (comprising
1,294,925,109 existing
Ordinary Shares following the Capital Reorganisation,
530,000,000 Placing
Shares, 665,768,332 Subscription Shares and 59,399,000 Retail Offer Shares) to
trading on AIM, being the market of that name operated by the
London Stock Exchange.
Admission is expected to take place
at 8.00 a.m. on or around 3 December 2024.
Following Admission, the Company
will have 2,550,092,441 New Ordinary Shares in issue. This figure
may be used by shareholders of 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 Guidance
and Transparency Rules.
The New Ordinary Shares following
the Capital Reorganisation will have the same rights as those
currently accruing to the Existing Ordinary Shares in
issue, including those relating to voting and entitlement to
dividends. The Placing Shares, Subscription Shares and Retail
Offer Shares, when issued, will be fully paid and will
rank pari passu in all respects with the New Ordinary
Shares, including the right to receive all dividends and other
distributions declared, made or paid after the date of
issue.
Capitalised terms in this
announcement shall have the same meaning as in the
Circular.
For further information please
visit www.empyreanenergy.com or
contact the following:
|
Empyrean Energy plc
|
Tel: +61 (08) 6146 5325
|
|
Tom Kelly
|
|
|
|
|
|
Cavendish Capital Markets Limited
(Nominated Advisor and Broker)
|
Tel: +44 (0) 207 220 0500
|
|
Neil McDonald
Pearl Kellie
|
|
|
|
|
|
Novum Securities Limited (Joint Broker)
|
Tel: +44 (0) 207 399 9400
|
|
Colin Rowbury
|
|
|
EXPECTED TIMETABLE OF
PRINCIPAL EVENTS
|
|
|
2024
|
|
Announcement of the Fundraising and
the Capital
Reorganisation
|
6
November
|
|
Announcement of the result of Retail
Offer
|
11
November
|
|
Posting and publication of the Circular
|
13
November
|
|
Latest time and date for receipt of
completed Forms of Proxy or electronic proxy appointments for use
at the General Meeting
|
10.00 a.m.
on 28 November
|
|
General Meeting
|
10.00 a.m. on 2
December
|
|
Announcement of the result of the
General Meeting
|
2
December
|
|
Capital Reorganisation Record Date
|
6.00 p.m.
on 2 December
|
|
Admission effective and commencement
of dealings in the New Ordinary Shares on AIM
|
8.00 a.m.
on 3
December
|
|
New Ordinary Shares credited to CREST stock account
|
3
December
|
|
Despatch of definitive share
certificates in respect of New Ordinary Shares to be issued in
certificated form
|
by 16
December
|