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16 Jul 2021 17:46
Trinity Exploration & Production plc
('Trinity' or the 'Company' or the 'Group')
Block listing Interim Review
Trinity Exploration & Production plc (AIM: TRIN), the independent E&P company focused on Trinidad and Tobago, provides its block listing update in respect of its existing block listing:
Name of applicant: | Trinity Exploration & Production plc | |||
LEI: | 213800WHW7571LAEDG63 | |||
Name of scheme: | Trinity's Long Term Incentive Plan | |||
Period of return: | From: | 16 January 2021 | To: | 15 July 2021 |
Balance of unallotted securities under scheme(s) from previous return: | 3,114,362 ordinary shares of USD 0.01 each in the Company | |||
Plus: The amount by which the block scheme(s) has been increased since the date of the last return (if any increase has been applied for): | None | |||
Less: Number of securities issued/allotted under scheme(s) during period (see LR3.5.7G): | Zero ordinary shares of USD 0.01 each in the Company | |||
Equals: Balance under scheme(s) not yet issued/allotted at end of period | 3,114,362 ordinary shares of USD 0.01 each in the Company | |||
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The number of shares under the existing block listing has been reduced by a factor of 10 following the capital reorganisation, announced on 26 May 2021, pursuant to which the Company's issued share capital was reduced from 388,794,303 to 38,879,431 Ordinary Shares of US$0.01 each.
Enquiries
For further information please visit www.trinityexploration.com or contact:
Trinity Exploration & Production plc | +44 (0)131 240 3860 |
Bruce Dingwall CBE, Executive Chairman Jeremy Bridglalsingh, Managing Director Tracy Mackenzie, Corporate Development Manager | |
SPARK Advisory Partners Limited (Nominated Adviser and Financial Adviser) | +44 (0)20 3368 3550 |
Mark Brady James Keeshan
| |
Cenkos Securities PLC (Broker) | |
Leif Powis Neil McDonald | +44 (0)20 7397 8900 +44 (0)131 220 6939 |
Walbrook PR Limited | +44 (0)20 7933 8780 |
Nick Rome/Nicholas Johnson | trinityexploration@walbrookpr.com |
About Trinity (www.trinityexploration.com)Trinity is an independent production company focused solely on Trinidad and Tobago. Trinity operates producing and development assets both onshore and offshore, in the shallow water West and East Coasts of Trinidad. Trinity's portfolio includes current production, significant near-term production growth opportunities from low risk developments and multiple exploration prospects with the potential to deliver meaningful reserves/resources growth. The Company operates all of its nine licences and, across all of the Group's assets, management's estimate of 2P reserves as at the end of 2020 was 19.55 mmbbls. Group 2C contingent resources are estimated to be 23.25 mmbbls. The Group's overall 2P plus 2C volumes are therefore 42.80 mmbbls.
Trinity is quoted on the AIM market of the London Stock Exchange under the ticker TRIN.
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