PXOG Prospex Oil And Gas Plc

TIDMPXEN

RNS Number : 4955R

Prospex Energy PLC

02 March 2023

Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas

2 March 2023

Prospex Energy PLC

('Prospex' or the 'Company')

Conversion of Loan Notes and TVR

Prospex Energy PLC, the AIM-quoted investment company focused on European gas and power projects, announces that it has received notices to convert an aggregate of GBP10,478.14 in two convertible loan notes in exchange for the issue of 246,545 new ordinary shares of 0.1p each in the Company ("Ordinary Shares").

The abovementioned convertible loan notes were issued in July 2022 and are convertible at 4.25p per share pursuant to a Convertible Loan Note Deed dated 18 July 2022.

Admission to Trading and Total Voting Rights

The Company has applied to the London Stock Exchange for the admission of 246,545 new Ordinary Shares to trading on AIM ('Admission') as a result of the above conversion. Admission is expected to occur on or around 7 March 2023. There are currently 284,774,124 Ordinary Shares in issue. Following Admission there will be a total of 285,020,669 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 
 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

TVRJBMPTMTAMMTJ

(END) Dow Jones Newswires

March 02, 2023 02:00 ET (07:00 GMT)

Prospex Oil And Gas (LSE:PXOG)
Gráfica de Acción Histórica
De Abr 2024 a May 2024

Prospex Oil And Gas (LSE:PXOG)
Gráfica de Acción Histórica
De May 2023 a May 2024