TIDMCOPL
RNS Number : 6490N
Canadian Overseas Petroleum Ltd
01 October 2021
Canadian Overseas Petroleum Limited
Finalisation of Share Consolidation
Calgary, Canada & London, United Kingdom, October 1, 2021 -
Canadian Overseas Petroleum Limited ("COPL" or the "Company") (XOP:
CSE) & (COPL: LSE), an international oil and gas exploration
and production company, announces further to the Company's previous
announcement on September 27, 2021 regarding the consolidation on a
basis of one (1) post-consolidation common share for each one
hundred (100) pre-consolidation common shares (the "Consolidation")
has become effective today.
The Consolidation will result in the 16,426,953,124
pre-Consolidation common shares issued and outstanding on September
30, 2021 ("Pre-Consolidation Common Shares") being consolidated
into 164,269,464 common shares with effect from Friday, 1 October
2021 ("Post-Consolidation Common Shares"). Admission and dealings
in the Post-Consolidation Common Shares commence at 8:00am London
time and the Company has received relevant approvals from the
Financial Conduct Authority ("FCA") and the London Stock Exchange
("LSE") for admission. The Post-Consolidation Common Shares will
also commence trading upon the open of the Canadian Securities
Exchange ("CSE") in Canada today.
Following the Consolidation, the total number of voting rights
in the Company is 164,269,464. This figure should be used by
shareholders as the denominator for calculations by which they can
determine if they are required to notify their interest in, or a
change to their interest in, the Company under the FCA's Disclosure
Guidance and Transparency Rules.
As previously announced, fractional shares resulting from the
Consolidation will be cancelled following the Consolidation.
Outstanding Options and Warrants exercisable into common shares
will be adjusted according to the terms of their respective
instruments by the Consoldiation ratio.
The ticker (or TIDM) on the CSE and LSE, and the Company's name,
will remain unchanged following the Consolidation.
Details of the Post-Consolidation Common Shares are as
follows:
ISIN: CA13643D8008
CUSIP 13643D800
SEDOL: BN121Q8
The dates and times for the Consolidation are set out below:
Last day to trade in the Pre-Consolidation Common September 30,
Shares on the LSE 2021
Last day to trade in the Pre-Consolidation Common September 30,
Shares on the CSE 2021
Record date in the UK for the Consolidation and September 30,
the disablement of the existing ISIN (6.00 p.m.) 2021
Administrative record date in Canada for the Consolidation October 4, 2021
Trading in the Post-Consolidation Common Shares October 1, 2021
under the new ISIN on the LSE commences
Trading in the Post-Consolidation Common Shares October 1, 2021
under the new CUSIP on the CSE commences
About the Company:
COPL is an international oil and gas exploration, development
and production company actively pursuing opportunities in the
United States with operations in Converse County Wyoming, and in
sub-Saharan Africa through its ShoreCan joint venture company in
Nigeria, and independently in other countries.
For further information, please contact:
Mr. Arthur Millholland, President & CEO
Mr. Ryan Gaffney, CFO
Canadian Overseas Petroleum Limited
Tel: + 1 (403) 262 5441
Cathy Hume
CHF Investor Relations
Tel: +1 (416) 868 1079 ext. 251
Email: cathy@chfir.com
Charles Goodwin
Yellow Jersey PR Limited
Tel: +44 (0) 77 4778 8221
Email: copl@yellowjerseypr.com
Peter Krens
Equity Capital Markets, Tennyson Securities
Tel: +44 (0) 20 7186 9033
Email: peter.krens@tennysonsecurities.co.uk
The Common Shares are listed under the symbol "XOP" on the CSE
and under the symbol "COPL" on the London Stock Exchange.
This news release contains forward-looking statements. The use
of any of the words "initial, "scheduled", "can", "will", "prior
to", "estimate", "anticipate", "believe", "should", "forecast",
"future", "continue", "may", "expect", and similar expressions are
intended to identify forward-looking statements. Forward-looking
information in this press release includes, without limitation,
statements relating to the timing, terms and completion of the
Consolidation, including the ratio of pre-Consolidation common
shares to post-Consolidation Common Shares that will be effected,
non-issuance of fractional shares, the CUSIP and ISIN of common
shares following the completion of the Consolidation, and timing
for the commencement of trading on the CSE following the completion
of the Consolidation . Although the Company believes that the
expectations and assumptions on which the forward-looking
statements are based are reasonable, undue reliance should not be
placed on the forward-looking statements since the Company can give
no assurance that they will prove to be correct since
forward-looking statements address future events and conditions, by
their very nature they involve inherent risks and uncertainties
most of which are beyond the control of Canadian Overseas Petroleum
Ltd. Forward-looking statements contained in this news release are
made as of the date hereof and Canadian Overseas Petroleum
undertakes no obligation to update publicly or revise any
forward-looking statements or information, whether as a result of
new information, future events or otherwise, unless so required by
applicable securities laws.
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
MSCFBLLXFKLXBBL
(END) Dow Jones Newswires
October 01, 2021 02:00 ET (06:00 GMT)
Canadian Overseas Petrol... (LSE:COPL)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Canadian Overseas Petrol... (LSE:COPL)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024
