Exercise of Warrants

RNS Number : 9847H

Empyrean Energy PLC

11 April 2022

 

Empyrean Energy Plc / Index: AIM / Epic: EME / Sector: Oil & Gas

Empyrean Energy plc

Exercise of Warrants

11 April 2022

Empyrean Energy ("Empyrean" or the "Company"), the oil and gas development company with interests in China, Indonesia and the United States, advises that it has received a notice to exercise warrants (exercise price 10.14p per Warrant) over a total of 250,000 Ordinary Shares and a notice to exercise warrants (exercise price 12.3p per Warrant) over a total of 250,000 Ordinary Shares (the "Warrant Shares"), for which funds of £ 56,100 have been received by the Company.

Application will be made for the admission of the Warrant Shares to trading on AIM ("Admission"). Admission is expected to take place on 19 April 2022. The Warrant Shares will rank pari passu with the existing ordinary shares on issue.

Following Admission, the Company's enlarged issued share capital will comprise 665,831,891 ordinary shares of 0.2p each (the "Shares"), each with voting rights. This figure 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, securities of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

-ENDS-

For further information please contact the following:

Empyrean Energy plc   Tom Kelly Tel: [phone]   Cenkos Securities plc (Nominated Advisor and Broker)   Neil McDonald Tel: [phone]   Pete Lynch Tel: [phone]
First Equity Limited (Joint Broker)   Jason Robertson Tel: [phone]

 

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