i3 Energy PLC Warrant Exercise and Share Issuance (3582X)
25 Abril 2023 - 1:00AM
UK Regulatory
TIDMI3E
RNS Number : 3582X
i3 Energy PLC
25 April 2023
25 April 2023
i3 Energy plc
("i3", "i3 Energy", "i3 Canada", or the "Company")
Warrant Exercise and Share Issuance
i3 Energy plc (AIM:I3E) (TSX:ITE), an independent oil and gas
company with assets and operations in the UK and Canada, announces
that certain of its loan noteholders have exercised warrants over
9,051,927 ordinary shares ("Ordinary Shares") in the Company.
Application will be made for the Ordinary Shares to be admitted to
trading on AIM and are expected to be admitted on 28 April
2023.
The Ordinary Shares will rank pari passu with the existing
Ordinary Shares, including the right to receive all dividends and
other distributions declared after the date of issue.
Following Admission of the Ordinary Shares, the Company will
have 1,201,899,967 Ordinary Shares with a nominal value of
GBP0.0001 each. Shareholders may use this figure of ordinary shares
as the denominator by which they are required to notify their
interest in, or change their interest in, the Company under the
Disclosure Guidance and Transparency Rules.
END
Enquiries:
i3 Energy plc c/o Camarco
Majid Shafiq (CEO) Tel: +44 (0) 203 781 8331
WH Ireland Limited (Nomad
and Joint Broker) Tel: +44 (0) 207 220 1666
James Joyce, Darshan Patel
Tennyson Securities (Joint
Broker) Tel: +44 (0) 207 186 9030
Peter Krens
Stifel Nicolaus Europe Limited
(Joint Broker) Tel: +44 (0) 20 7710 7600
Ashton Clanfield, Callum Stewart
Camarco
Georgia Edmonds, Violet Wilson, Tel: +44 (0) 203 781 8331
Sam Morris
Notes to Editors:
i3 Energy is an oil and gas Company with a low cost,
diversified, growing production base in Canada's most prolific
hydrocarbon region, the Western Canadian Sedimentary Basin and
appraisal assets in the North Sea with significant upside.
The Company is well positioned to deliver future growth through
the optimisation of its existing 100% owned asset base and the
acquisition of long life, low decline conventional production
assets.
i3 is dedicated to responsible corporate practices and the
environment, and places high value on adhering to strong
Environmental, Social and Governance ("ESG") practices. i3 is proud
of its performance to date as a responsible steward of the
environment, people, and capital management. The Company is
committed to maintaining an ESG strategy, which has broader
implications for long-term value creation, as these benefits extend
beyond regulatory requirements.
i3 Energy is listed on the AIM market of the London Stock
Exchange under the symbol I3E and on the Toronto Stock Exchange
under the symbol ITE. For further information on i3 Energy please
visit https://i3.energy/ .
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END
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(END) Dow Jones Newswires
April 25, 2023 02:00 ET (06:00 GMT)
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