RE: Big buy/sell just gone through23 Aug 2016 16:03
Jonno41 They just have a few warrants left.
Forte Energy NL AIM Release 9 August 2016 Share Issue for Final Darwin Conversion Notice Forte Energy NL ("Forte Energy" or "The Company") (AIM: FTE) Forte Energy announces the allotment of 3,355,704,698 fully paid ordinary shares ("Conversion Shares") in the Company to Darwin Capital Limited ("Darwin"). The Conversion Shares have been issued following the receipt of a final conversion notice today from Darwin in relation to the convertible loan notes announced on 26 March 2015. The Conversion Shares were issued at 0.00298 pence per share for the exercise of conversion rights in respect of £100,000 of Convertible Loan Notes. Following this share issue, Darwin holds no further convertible loan notes in the Company and all Forte's obligations to Darwin have been settled. Application has been made for the admission to trading on AIM of the Conversion Shares, which is expected to take place on 12 August 2016. Following admission of the Conversion Shares Forte Energy will have 22,440,362,741 fully paid ordinary shares in issue. The Company does not expect any further changes to the total shares in issue before the General Meeting to be held on Friday 26 August 2016. Accordingly the final conversion ratio for Resolution 5 - Consolidation of Capital to be put to shareholders at the General Meeting is expected to be 1 share for every 2,992 shares currently held.
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