7 Feb 2017 16:07
7 February 2017
EDENVILLE ENERGY PLC
("Edenville" or the "Company")
Warrant Exercise
Edenville Energy plc (AIM: EDL) announces that the Company has issued a total of 21,624,782 new ordinary shares of 0.02p each in the Company ("New Ordinary Shares") following receipt of a notice to exercise warrants.
The Company has received notice from JIM Nominees Limited to exercise 21,624,782 warrants into 21,624,782 New Ordinary Shares as per the table below:
Exercise price | No. of warrants being exercised |
0.80p | 6,625,002 |
0.60p | 14,999,780 |
Total: | 21,624,782 |
The total consideration received by the Company pursuant to the warrant exercise will be £143,000.
Application will be made for the 21,624,782 New Ordinary Shares, which will rank pari passu with the existing ordinary shares, to be admitted to trading on AIM ("Admission"). Admission is expected to occur at 8.00 a.m. on 13 February 2017.
Following Admission, the total number of voting rights in the Company will be 824,286,587 ordinary shares. This number 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 Regulation (EU) 596/2014.
For further information please contact:
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Edenville Energy Plc Jeff Malaihollo - Chairman Rufus Short - CEO | +44 (0) 20 7652 9788 |
Northland Capital Partners Limited (Nominated Adviser) Gerry Beaney David Hignell
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+44 (0) 20 3861 6625 |
Optiva Securities Limited (Broker) Jeremy King Graeme Dickson
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+44 (0) 20 3137 1902 |
IFC Advisory (Financial PR and IR) Tim Metcalfe Graham Herring Heather Armstrong
| +44 (0) 20 3053 8671 |
