Pennpetro Energy PLC Extension of Reporting Deadline (5709L)
30 Abril 2020 - 12:00PM
UK Regulatory
TIDMPPP
RNS Number : 5709L
Pennpetro Energy PLC
30 April 2020
30 April 2020
Pennpetro Energy Plc
("Pennpetro" or the "Company")
Extension of Reporting Deadline
Further to the Financial Conduct Authority's (FCA) policy
statement issued on 26 March 2020, pursuant to which the financial
reporting deadline for listed companies has been extended by two
months, the Company wishes to confirm that it intends to report its
financial results for the year ended 31 December 2019 in accordance
with the reporting extension by the end of June 2020.
The Company's assets are located in the United States of
America, which have been subject to government restrictions due to
the COVID-19 pandemic for some time. The FCA policy statement,
extending the reporting deadline, is therefore welcomed by the
Company as a practical solution to take account of the challenges
of corporate reporting due to the global impact of COVID-19.
Issue of Additional Equity
The Company further reports that it has converted GBP2,059,202
in group borrowings and interest into 4,118,404 newly issued shares
at the conversion ratio of GBP0.50 pence per share. These shares
are issued to RB Equity Nominees Limited, and application for their
listing will be made to the London Stock Exchange. The total number
of shares on issue is now 76,452,106.
The above figure of 76,452,106 Ordinary Shares may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or change in interest in, the share capital of the
Company under the Financial Conduct Authority's Disclosure and
Transparency Rules.
Enquiries :
tme@pennpetroenergy.co.uk
Instinctif Partners
Sarah Hourahane / Pennpetro@instinctif.com / +44 (0)20 7457
2020
NOTES TO EDITORS
Pennpetro Energy is an independent oil and gas company focusing
on production in the Gonzales Oil Field in Texas, USA. Shares in
the company were admitted to the Official List of the London Stock
Exchange by way of a Standard Listing on 21 December 2017.
Further information on the Company can be found at
www.pennpetroenergy.co.uk
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.
END
MSCURVNRRNUSOAR
(END) Dow Jones Newswires
April 30, 2020 13:00 ET (17:00 GMT)
Pennpetro Energy (LSE:PPP)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Pennpetro Energy (LSE:PPP)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024