Warrant Exercise and Director Dealing

RNS Number : 9511H

Edenville Energy PLC

13 June 2017

 

13 June 2017

EDENVILLE ENERGY PLC

("Edenville" or the "Company")

Warrant Exercise and Director Dealing

Edenville Energy plc (AIM: EDL) announces that the Company has issued a total of 14,722,442 ordinary shares of 0.02p each in the Company ("Ordinary Shares") following receipt of a notice to exercise warrants ("New Ordinary Shares").

The Company has received notice from JIM Nominees Ltd to exercise 14,722,442 warrants at an exercise price of 0.60p each into 14,722,442 New Ordinary Shares.  The total consideration received by the Company pursuant to the warrant exercise will be £88,334.65.

Included within the JIM Nominees Ltd warrant exercise are 1,111,111 warrants held beneficially by the Company's Chief Executive, Rufus Short.  Following the exercise of these 1,111,111 warrants into Ordinary Shares, for a total consideration of £6,666.67, Rufus Short's holding in the Company will be 3,333,113 Ordinary Shares, equating to 0.30% of the Company's share capital as enlarged by the warrant exercise.

Application will be made for the 14,722,442 New Ordinary Shares, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM ("Admission").  Admission is expected to occur at 8.00 a.m. on 19 June 2017.

Following Admission, the Company will have 1,101,786,807 Ordinary Shares, with voting rights, in issue. This number 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, the Company under the FCA's Disclosure and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

For further information please contact:

Edenville Energy Plc Jeff Malaihollo - Chairman Rufus Short - CEO	[phone]
Northland Capital Partners Limited (Nominated Adviser) Gerry Beaney David Hignell	[phone]
Optiva Securities Limited (Broker) Jeremy King Graeme Dickson	[phone]
IFC Advisory (Financial PR and IR) Tim Metcalfe Graham Herring Heather Armstrong	[phone]

 

END

 

 

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