ADL Andalas Energy And Power Plc

TIDMADV

RNS Number : 8761O

Advance Energy PLC

12 February 2021

12 February 2021

Advance Energy plc

("Advance Energy" or the "Company")

Issue of Warrants

Advance Energy plc ( AIM:ADV ), the energy company seeking growth through acquisition or farm-in to non-operated interests in discovered upstream projects, announces it has today issued warrants ("Warrants") to subscribe for 545,455 new ordinary shares in the Company.

The Warrants have been issued to a third party who assisted with the Company's placing of new ordinary shares in November 2020 and represent agreed compensation. The Warrants have an exercise price of 0.22 pence and an expiry date of 9 December 2023.

Enquiries:

 
 Advance Energy plc 
 Leslie Peterkin (CEO) / Stephen         +44 (0)1624 681 
  West (CFO)                                         250 
 Strand Hanson Limited (Financial and Nominated 
  Adviser) 
 James Harris / Rory Murphy / Georgia     +44 (0)20 7409 
  Langoulant                                        3494 
 Buchanan (Public Relations) 
                                          +44 (0)20 7466 
 Ben Romney / Kelsey Traynor                        5000 
 Tennyson Securities (Joint Broker) 
                                          +44 (0)20 7186 
 Peter Krens / Ed Haig-Thomas                       9030 
 Optiva Securities Limited (Joint 
  Broker) 
                                          +44 (0)20 3411 
 Christian Dennis                                   1881 
 
   For further information, please visit www.advanceplc.com   and @advanceplc on Twitter 

To register for Advance Energy's email alerts, please complete the following form: https://www.advanceplc.com/media-centre/news/#alerts

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 ("MAR").

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END

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February 12, 2021 02:00 ET (07:00 GMT)

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