Baverstock Merger Completion

RNS Number : 2981G
Caspian Sunrise plc
26 May 2017
 

 

Caspian Sunrise PLC ("Caspian Sunrise" or the "Company")

formerly Roxi Petroleum Plc

 

Baverstock Merger Completion

 

Further to the RNS dated 12 May 2017, Caspian Sunrise plc, the Central Asian oil and gas company, with a focus on Kazakhstan, is pleased to confirm that the Company expects that all conditions for the merger and the associated capitalisation of the $10.1 million Vertom loan, will be concluded by 1 June 2017.

 

Accordingly Caspian Sunrise has applied for 732,240,744 new Caspian Sunrise shares, representing 43.86 per cent of the then enlarged shares in issue, to be admitted to trading on AIM and it is anticipated that trading in such shares will commence on or around 1 June 2017.

 

The total number of shares in issue following the issue of these shares will be 1,669,673,820.

 

Caspian Sunrise has no shares in Treasury, therefore this figure may be used by Shareholders, from Admission, as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

 

 

Ends

 

 

 

Caspian Sunrise plc                                                                                   +7 727 375 0202

Clive Carver

Executive Chairman

 

 

WH Ireland, Nominated Adviser & Broker                                 +44 (0) 207 220 1666

James Joyce / James Bavister

 

Abchurch                                                                                                          +44 (0) 2017 398 7700

Tim Thompson / Rebecca Clube

 

 

This announcement has been posted to:

https://www.caspiansunrise.com/investors/

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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