Issue of Equity

RNS Number : 3205S

Tlou Energy Ltd

13 July 2022

 

13 July 2022

Tlou Energy Limited

("Tlou" or "the Company")

Issue of shares

The Company announces it has issued 6,250 ordinary shares of no par value ("Ordinary Shares") following conversion of options at a price of AUD $0.08 per Ordinary Share.

Application has been made for the 6,250 new Ordinary Shares to be admitted to trading on AIM with admission expected to take place on, or around, 18 July 2022.

Following admission, the Company's enlarged share capital will comprise 600,205,289 Ordinary Shares.  No shares are held in Treasury. Therefore, the total number of Ordinary Shares with voting rights is 600,205,289. 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, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

By Authority of the Board of Directors

Mr. Anthony Gilby

Managing Director

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For further information regarding this announcement please contact:

Tlou Energy Limited	[phone]
Tony Gilby, Managing Director
Solomon Rowland, General Manager
Grant Thornton (Nominated Adviser)	[phone]
Harrison Clarke,   Colin Aaronson, Ciara Donnelly
Arden Partners (UK Broker)	[phone]
Simon Johnson, Antonio Bossi
Public Relations
Ashley Seller	[phone]

About Tlou

Tlou is developing energy solutions in Sub-Saharan Africa through gas-fired power, solar power and hydrogen projects. The Company is listed on the ASX (Australia), AIM (UK) and the BSE (Botswana). The Lesedi Power Project ("Lesedi") is 100% owned and is the Company's most advanced.  Tlou's competitive advantages include our ability to drill cost effectively for gas, our operational experience and Lesedi's strategic location in relation to energy customers. All major government approvals have been achieved.

 

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