Conversion of Warrants and TVR

RNS Number : 9753M

Prospex Energy PLC

27 September 2021

 

Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas

27 September 2021

Prospex Energy PLC

Conversion of Warrants and TVR

Prospex Energy PLC, ('Prospex' or the 'Company') the AIM quoted investment company (AIM:PXEN) focused on European gas and power projects, announces that it has issued a total of 444,444 ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares"), following the conversion of warrants over Ordinary Shares held by an individual which were granted pursuant to a warrant agreement dated 23 December 2020 (and as announced by the Company on 24 December 2020).  The warrants have been exercised at 2.25p and therefore the Company has received £9.999.99 as a result of the conversion.

Admission to Trading

The Company has applied to the London Stock Exchange for admission of 444,444 new Ordinary Shares to trading on AIM ('Admission').  Admission is expected to occur on or around 30 September 2021.  There are currently 164,998,868 Ordinary Shares in issue and 7,361 shares held in Treasury.  Following Admission, there will be 165,443,312 Ordinary Shares in issue.  Deducting the 7,361 held in Treasury there will accordingly be 165,435,951 Ordinary Shares that 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 the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR") and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

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For further information visit www.prospex.energy or contact the following:

Mark Routh	Prospex Energy PLC	Tel: [phone]
Rory Murphy Ritchie Balmer	Strand Hanson Limited	Tel: [phone]
Colin Rowbury Jon Belliss	Novum Securities Limited	Tel: [phone]
Duncan Vasey	Peterhouse Capital Limited	Tel: [phone]
Susie Geliher Catherine Leftley	St Brides Partners Ltd	Tel: [phone]

 

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