Prospex Energy PLC Conversion of Warrants Generates GBP90,000 (1707Z)
13 Septiembre 2022 - 1:00AM
UK Regulatory
TIDMPXEN
RNS Number : 1707Z
Prospex Energy PLC
13 September 2022
Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and
Gas
13 September 2022
Prospex Energy PLC
('Prospex' or the 'Company')
Conversion of Warrants and TVR
Conversion of Warrants Generates GBP90,000
Prospex Energy PLC, the AIM-quoted investment company focused on
European gas and power projects, announces that it has received
notice for the exercise of warrants to subscribe for 3,000,016 new
ordinary shares of 0.1p each in the Company ("Ordinary Shares").
The warrants were issued pursuant to warrant agreements dated 23
February 2022 which related to a placing announced by the Company
in March 2021. The exercise price is 3 pence per warrant exercised,
therefore generating proceeds of GBP90,000.48 for the Company.
Admission to Trading and Total Voting Rights
The Company has applied to the London Stock Exchange for
admission of 3,000,016 new Ordinary Shares to trading on AIM
('Admission'). Admission is expected to occur on or around 16
September 2022. On 15 September 2022 there will be 262,693,349
Ordinary Shares in issue. Following Admission, subject to the
3,000,016 New Shares being allotted and issued there will be a
total of 265,693,365 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 PLC Tel: +44 (0) 20
7236 1177
Ritchie Balmer Strand Hanson Limited Tel: +44 (0) 20
Rory Murphy 7409 3494
Andrew Monk (Corporate Broking) VSA Capital Limited Tel: +44 (0) 20
Andrew Raca/Alex Cabral (Corporate 3005 5000
Finance)
Colin Rowbury Novum Securities Tel: +44 (0) 20
Jon Belliss Limited 7399 9427
Susie Geliher St Brides Partners Tel: +44 (0) 20
Ana Ribeiro Limited 7236 1177
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END
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September 13, 2022 02:00 ET (06:00 GMT)
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