Notice of Change in Shareholding

RNS Number : 4656G

Pennpetro Energy PLC

30 March 2022

 

Pennpetro Energy PLC

("Pennpetro" or the "Company")

Notice of Change in Shareholding

London, 30 March 2022 - Pennpetro, an independent oil and gas company focusing on production in the Gonzales Oil Field in Texas, USA, today notifies that Nobel Petroleum Ireland Limited under their convertible note have exercised the conversion of 5,833,333 new ordinary shares of £0.01 each. As a result, Nobel Petroleum Ireland's holding in Pennpetro therefore increased from 4.45% to 11.06%.

Application will be made for admission of these shares to the Standard Listing segment of the Official List and for admission to trading on the London Stock Exchange's Main Market for listed securities.

Following the issue of the shares, the Company's issued share capital will comprise 83,452,106 ordinary shares of £0.01 each. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interests in, or a change to their interest in, the share capital of the Company under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.

Enquiries

Pennpetro Energy plc Thomas Evans	[e-mail]
Peterhouse Capital Limited Lucy Williams	[phone]
Instinctif Galyna Kulachek Sarah Hourahane	[e-mail] [phone]

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  

 

END

 

 

MSCBKCBBOBKDQNB