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Schedule 1 - Sirius Petroleum Plc

30 Nov 2017 07:45

RNS Number : 9574X
AIM
30 November 2017
 

 

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

Sirius Petroleum plc

 

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

42 Berkeley Square

London W1J 5AW

 

COUNTRY OF INCORPORATION:

England and Wales

 

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

www.siriuspetroleum.com

 

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

Sirius Petroleum plc is currently an AIM Investing Company. Sirius entered into a Joint Operating Agreement in relation to the Ororo Field in Nigeria in which the Company has an economic interest. The entry into the JOA marks the transition of the Company from an investing company to an operating company and as such the Company is completing a Reverse Takeover under Rule 14.

Following Shareholder approval of the Reverse Takeover, Sirius will be an oil and gas exploration and production company with a 40% economic and participating (subject to consents, including ministerial approval) interest in the Ororo Field in Nigeria.

 

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

 3,565,465,801 Ordinary Shares of 0.25 pence each at an issue price of 1 pence per share

 

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

£7.237 million in total.

£3.940 million conditional on shareholder approval of the reverse takeover.

£3.297 million will be raised ahead of the shareholder meeting using the company's existing authorities to allot shares and not conditional on shareholder approval.

Market capitalisation at Admission at the issue price is £35,559,658.

 

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

2.45%

 

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:

 

n/a

 

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

Directors:

Jack Pryde, Chairman

Olukayode Olufemi (Bobo) Kuti, CEO

Christopher John Neal, NED

 

Proposed Directors:

Mark Norcott Graham Henderson, CFO

Toby Jonathan Hayward, NED

Simon John Lindsay Hawkins, NED

 

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

Name Before After

Admission Admission

Barclays Direct Investing Nominees Limited Client1 ACCT 10.66% 7.44%

Hargreaves Lansdown (Nominees) Limited 15942 ACCT 9.08% 6.33%

Spreadex Limited 5.52% 3.85%

TD Direct Investing Nominees (Europe) Limited SMKTISAS ACCT 4.66% 3.25%

James Capel (Nominees) Limited PC ACCT 4.32% 3.02%

JIM Nominees Limited Jarvis ACCT 3.86% 4.02%

Vidacos Nominees Limited IGUKCLT ACCT 3.31% 3.23%

Hargreaves Lansdown (Nominees) Limited HLNOM ACCT 3.17% 2.47%

W B Nominees Limited 3.03% 2.44%

KKCLT ACCOUNT 0.51% 3.02%

 

 

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

N/A

 

(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i) 31 December

(ii) 30 June 2017

(iii) 30 June 2018, 30 September 2018, 30 June 2019

 

EXPECTED ADMISSION DATE:

19 December 2017

 

NAME AND ADDRESS OF NOMINATED ADVISER:

Cantor Fitzgerald Europe Limited

One Churchill Place

Canary Wharf

London E14 5RB

 

NAME AND ADDRESS OF BROKER:

Cantor Fitzgerald Europe Limited

One Churchill Place

Canary Wharf

London E14 5RB

 

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

The Admission Document will be available at www.siriuspetroleum.com and this will contain full details about the applicant and the Admission of its securities.

 

DATE OF NOTIFICATION:

30 November 2017

 

NEW/ UPDATE:

New

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
PAAGRBDBBSXBGRG
Date   Source Headline
23rd Aug 20195:30 pmRNSSirius Petroleum
23rd Aug 20198:30 amRNSDelisting from AIM
2nd Aug 20192:20 pmRNSOroro update
21st Jun 20196:03 pmRNSUpdate on the Publication of Financial Accounts
5th Apr 20197:30 amRNSOroro Update
25th Feb 20197:30 amRNSSuspension and Transaction Update
25th Feb 20197:30 amRNSSuspension - Sirius Petroleum Plc
25th Feb 20197:00 amRNSOperational Update - Ororo
21st Feb 20197:00 amRNSIssue of Equity
18th Feb 20197:00 amRNSTransaction Update
11th Feb 20197:00 amRNSProduction Crude Handling Agreement
5th Feb 20197:00 amRNSIssue of Equity
28th Jan 20197:00 amRNSOroro Field - $20m Debt Funding
21st Jan 20197:00 amRNSIssue of Equity
15th Jan 20197:00 amRNSConvertible Note Facility
15th Jan 20197:00 amRNSTransactions Update
31st Dec 201811:26 amRNSOroro field rig update
4th Dec 20184:14 pmRNSUpdate on Acquisition
4th Dec 20187:35 amRNSRevision of Existing Warrants
4th Dec 20187:00 amRNSAcquisition
8th Oct 20187:00 amRNSRig Update - Ororo Field
28th Sep 20187:01 amRNSHalf-year Report
28th Sep 20187:00 amRNSUpdate on Rig Status - Ororo Field
11th Sep 201810:46 amRNSHolding(s) in Company
14th Jun 20183:08 pmRNSResult of AGM
7th Jun 20187:00 amRNSOroro Field - Rig Update
16th May 201811:00 amRNSAnnual Financial Report an Notice of Meeting
15th May 20187:00 amRNSFinal Results
1st May 201812:05 pmRNSOroro Field Update
18th Apr 20185:12 pmRNSChange of Registered Office
20th Mar 20187:30 amRNSOroro Field Update - Compact Well Heads Ororo 4+5
12th Mar 20187:30 amRNSOroro Field Rig Mobilisation - COSL Force
12th Jan 20187:00 amRNSHolding(s) in Company
2nd Jan 20187:00 amRNSOroro Field - MEM Completed
27th Dec 201710:15 amRNSResult of AGM
21st Dec 20177:00 amRNSOroro Field - Update
18th Dec 201710:10 amRNSResult of GM and Appt of Interim COO
18th Dec 20177:00 amRNSHolding(s) in Company
5th Dec 20177:00 amRNSEnvironmental Baseline Studies Revalidation by DPR
1st Dec 201711:27 amRNSInvestor Evening - Presentation
30th Nov 20177:49 amRNSPlacing, Admission Document and Notice of Meeting
30th Nov 20177:45 amRNSRestoration - Sirius Petroleum Plc
30th Nov 20177:45 amRNSSchedule 1 - Sirius Petroleum Plc
30th Nov 20177:10 amRNSNotice of AGM
30th Nov 20177:00 amRNSTemporary Suspension
26th Oct 201710:02 amRNSSenior Management - Mr Peter Gregory
18th Sep 20177:00 amRNSHalf-year Report
16th Aug 201712:30 pmRNSTemporary Suspension pending Admission Document
16th Aug 201712:30 pmRNSSuspension - Sirius Petroleum Plc
14th Aug 20177:00 amRNSUS$10m Revolving Prepayment Facility + Offtake

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