6 Apr 2018 07:00
6 April 2018
MYTRAH ENERGY LIMITEDExercise of Options
Mytrah Energy Limited (the "Company") announces that it will issue a total of 9,803,323 new ordinary shares of no par value each ("New Shares") pursuant to the exercise of options by The Raksha Trust (the "Trust") at an exercise price of 0.1p per share.
The Trust is a Jersey based discretionary trust settled by Ravi Kailas, the Chairman of the Company, of which he, some of his family members (including Vikram Kailas, the Vice Chairman and MD of the Company), and a philanthropic trust are discretionary beneficiaries. Following issue of the New Shares the Trust will hold 104,554,353 ordinary shares of no par value representing 60.3% of the enlarged issued share capital of the Company.
Application will be made for the New Shares, which will rank pari passu with the Company's existing ordinary shares, to be admitted to trading on AIM and dealings are expected to commence on or around 12 April 2018 ("Admission"). Following Admission there will be 173,439,323 ordinary shares of no par value in issue.
Enquiries:
Mytrah Energy Limited (via Yellow Jersey PR Limited)Russell Walls Rohit Phansalkar | +44 (0)7555 159 808 |
Investec (Nominated Adviser and Joint Broker)Jeremy Ellis Chris Sim George Price
| +44 (0)20 7597 4000 |
Mirabaud Securities LLP Peter Krens Rory Scott
| +44 (0)20 7878 3360 |
Yellow Jersey PR Limited Charles Goodwin
Abena Affum |
+44 (0)7747 788 221
+44 (0)7555 159 808 |
About Mytrah Energy Limited
Mytrah Energy Limited is a renewable power producer listed on the AIM market of the London Stock Exchange. The Company is one of the largest Independent Power Producers of the Indian renewable energy sector and a pioneer in this space. Mytrah has a portfolio of 2000MW of operational and under development renewable power projects across 9 Indian states (Punjab, Rajasthan, Gujarat, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka and Tamil Nadu). Mytrah also has one of the largest wind data banks in India. It is the only independent power producer with over 200 wind mast locations across the country.