Berkeley Eng Regulatory News (BKY)

BERKELEY ENERGIA LIMITED

AIM RELEASE  | 29 DECEMBER 2017 | AIM: BKY

Application for Admission of Previously Issued Shares to trade on AIM

Please note NO NEW SHARES are being issued and this release is for compliance purposes only.

Berkeley Energia Limited (the "Company") announces that application has been made for 25,540,622 previously issued fully paid ordinary shares ("Ordinary Shares") to be admitted to trading on AIM (the "Application").

The Application has been made following the identification of historic oversights and omissions in relation to applications for shares to be admitted to trading on AIM. These shares were issued in the past but, when under previous management, no application was made for the issues of Ordinary Shares.

The Company notes that the figure of 254,534,420 for the issued Ordinary Share capital referred to in the announcement on 3 November 2017 is correct and that no new shares are being issued.

The issues of shares for which no application was previously made are as follows:

· 125,000 Ordinary Shares were issued on 15 November 2010 on the exercise of 125,000 A$1.00 unlisted options;

· 3,300,000 Ordinary Shares were issued as a placing to a sophisticated investor on 19 November 2010 for A$1.45 per Ordinary Share. A further 200,000 Ordinary Shares were issued to the same sophisticated investor in lieu of the payment of a corporate finance fee in connection with the placing. An initial announcement was made in respect of this placing on 29 October 2010;

· 32,360,000 Ordinary Shares were issued as announced on 19 January 2011. The shares were issued in two tranches as a part of a fully underwritten placement. Under the first tranche, the Company issued 17,000,000 Ordinary Shares on 19 January 2011 at a price of A$1.70 per share to raise A$28.9 million. Under the second tranche, a further 15,360,000 Ordinary Shares were issued on 7 March 2011 at the same price to raise a further A$26.1 million; and

· 1,450,000 Ordinary Shares were issued as announced on 23 December 2015. 950,000 of these shares related to the conversion of performance share rights upon satisfaction of the Zona 7 feasibility milestone. The remainder of 500,000 Ordinary Shares related to the exercise of A$0.475 unlisted options.

The total number of Ordinary Shares issued set out above is 37,435,000. The balancing figure of 11,894,378 which must be deducted to arrive at the 25,540,622 for which the Application is being made, was derived from the following oversight:

· On 6 November 2009, a Block Listing Application was made for 12,924,723 Ordinary Shares to potentially be admitted AIM. The 12,924,723 represented the number of A$0.75 listed options ("Listed Options") on issue at the time (the "Option Grant"). No actual Ordinary Shares were issued at that time. Subsequently, the following exercises of Listed Options from the Option Grant have taken place:

The balance of 11,894,378 Listed Options from the Option Grant subsequently expired on 15 May 2013.

Application has been made for the admission of 25,540,622 Ordinary Shares to trading on AIM which is expected to take place on 5 January 2018.

The Company notes that the figure of 254,534,420 for the issued Ordinary Share capital referred to in the announcement on 3 November 2017 is accurate and correct and that no new shares are being issued. As such, the Company's issued Ordinary Share capital following admission of the Application remains as 254,534,420 Ordinary Shares with each share carrying the right to one vote.

The above figure 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 share capital of the Company, under the FCA's Disclosure and Transparency Rules.

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