Exercise of Warrants

RNS Number : 6151Z

TomCo Energy PLC

21 May 2019

 

21 May 2019

TOMCO ENERGY PLC

("TOMCO" OR THE "COMPANY")

 

Exercise of Warrants

TomCo Energy plc (AIM: TOM), the oil shale exploration, development and technology group focused on using innovative technology to unlock unconventional hydrocarbon resources, announces that it has received notice of the exercise of warrants to subscribe for a total of 1,530,000 new ordinary shares of no par value each in the capital of the Company ("Ordinary Shares").  The warrants were issued as part of the Company's fundraising announced on 14 December 2018 and the exercise price of the warrants was 2p per warrant.

Application will be made for the new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will occur on or around 24 May 2019.

Total Voting Rights

Upon Admission, the Company's issued share capital will consist of 119,142,452 Ordinary Shares with one voting right each.  The Company does not hold any Ordinary Shares in treasury.  Therefore, the total number of Ordinary Shares and voting rights in the Company will be 119,142,452.  With effect from Admission, this figure 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 a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

TomCo Energy plc

Andrew Jones (Chairman) / John Potter (CEO)                               [phone]

Strand Hanson Limited                                                                        (Nominated Adviser)

James Harris / Richard Tulloch / James Dance                                [phone]

Turner Pope                                                                                              (Broker)

Andy Thacker                                                                                              [phone]

 

For further information, please visit www.tomcoenergy.com.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014.

 

END

 

 

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