Exercise of Warrants and Total Voting Rights

RNS Number : 9331N

Lansdowne Oil & Gas plc

24 January 2019

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain. If you have any queries on this, then please contact Steve Boldy, the Chief Executive Officer of the Company (responsible for arranging release of this announcement).

Lansdowne Oil & Gas plc

("Lansdowne" or the "Company")

Exercise of Warrants

Total Voting Rights

24 January 2019

Lansdowne Oil & Gas plc (AIM: LOGP), the North Celtic Sea focused, oil and gas company, announces that it has received an exercise notice from Brandon Hill Capital ("Brandon Hill") for the exercise of warrants over 3,500,000 ordinary shares of 0.1 pence each ("Ordinary Shares") with an exercise price of 1 pence per Ordinary Share, resulting in proceeds of £35,000 having been delivered to the Company.  The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares. 

The warrants were due to expire on 9 February 2019.  Brandon Hill is a substantial shareholder in the Company and upon receipt of the new Ordinary Shares will have a revised shareholding of 96,993,593 shares representing 14.58% of the shares in issue.  In addition, executives of Brandon Hill hold beneficial interests in a further 41,002,051 shares, as previously disclosed, representing a combined enlarged holding of 137,995,644 shares, being 20.74% of the enlarged outstanding shares in issue.  

Admission to AIM and Total Voting Rights

Application has been made for admission of these 3,500,000 new Ordinary Shares to trading on AIM ("Admission") and it is expected that Admission will take place and that trading will commence on AIM at 8.00 a.m. on 29 January 2019.

Following Admission, there will be a total of 665,349,846 Ordinary Shares in issue.  No Ordinary Shares are held in treasury. therefore, shareholders should use the figure of 665,349,846 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.

For further information please contact:

Lansdowne Oil & Gas plc	[phone]
Steve Boldy
SP Angel Corporate Finance LLP	[phone]
Nominated Adviser
Lindsay Mair
Richard Hail
Brandon Hill Capital	[phone]
Broker
Oliver Stansfield

Notes to editors:

About Lansdowne

Lansdowne Oil & Gas (LOGP.LN) is a North Celtic Sea focussed, oil and gas exploration and appraisal company quoted on the AIM market and head quartered in Dublin.

For more information on Lansdowne, please refer to www.lansdowneoilandgas.com

 

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