Last checked at 27 Apr 2015 07:00
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.
For release: 7am 27 April 2015 |
Opera Investments plc ("Opera" of the "Company")
Admission to Trading and First Day of Dealings
Opera Investments plc, a company formed to undertake one or more acquisitions of target companies or businesses in the natural resources or oil and gas sectors, is pleased to announce its entire issued ordinary share capital consisting of 17,250,000 Ordinary Shares of £0.01 each will be admitted to the standard segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities (together, the "Admission"). It is expected that the Admission will become effective and that dealings will commence at 8.00 a.m. on 27 April 2015 under the TIDM code "OPRA" (ISIN: GB00BSNBL022).
Paul Dudley, the Company's Chairman, commented: "We are very pleased to have secured investment for the Admission and look forward to executing our stated acquisition strategy for the benefit of our shareholders".
Highlights
· The Directors of the Company intend to use some or all of the funds that have been raised on Admission to acquire a company, business, project or asset in the oil and gas or mining exploration and production sectors and to fund its on-going expenses.
· The Company's objective is to take advantage of opportunities to invest in these sectors that have seen considerable recent volatility and to operate the companies, businesses, projects or assets that it acquires in any acquisition.
· The Directors' intention is to create a trading business, rather than an investment entity. It is not intended that the Company acquire minority stakes in target entities.
The Prospectus published by the Company on 22 April 2015 is available at the Company's registered address at Aldermary House, 10-15 Queen Street, London EC4N 1TX and from the Company's website at www.operainvestmentsplc.com.
Defined terms in this announcement shall have the same meanings as in the Prospectus.
STATISTICS
Number of Existing Ordinary Shares | 5,250,000
|
Placing Price | 10p per Ordinary Share
|
Number of Placing Shares | 12,000,000
|
Enlarged Share Capital in issue following the issue of the Placing Shares and Admission
| 17,250,000 |
Percentage of Enlarged Share Capital represented by Placing Shares | 69.6%
|
Gross proceeds of the Placing | £1,200,000
|
Proceeds of the Placing receivable by the Company (after the deduction of transaction costs) | £1,062,000 |
Enquiries: Opera Investments plc, Paul Dudley, +44 (0) 20 3551 4872