15 Apr 2019 18:04
Block Energy Plc(the "Company")
15 April 2019
Exercise of Warrant
Block Energy Plc, announces that it has today allotted 1,837,500 new ordinary shares of 0.25 pence each in the Company ("Ordinary Shares") pursuant to the exercise of a warrant. Application has been made for the admission to trading on AIM ("Admission") for the new Ordinary Shares The warrant exercised had an exercise price of 4 pence. The new Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares of the Company. Admission of the new Ordinary Shares is expected on 23 April 2019.
Following Admission, the Company's issued share capital will comprise 272,281,892 Ordinary Shares which may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules. The Company does not hold any shares in treasury.
For more information, contact:
Paul Haywood (Chief Executive Officer)
| Block Energy Plc | Tel: +44 (0) 203 053 3631 |
Neil Baldwin (Nominated Adviser)
| Spark Advisory Partners Limited | Tel: +44 (0) 203 368 3554 |
Craig Fraser (Joint Corporate Broker)
| Baden Hill LLP | Tel: +44 (0) 207 933 8731 |
Colin Rowbury (Joint Corporate Broker)
| Novum Securities Ltd | Tel: +44 (0)207 399 9427 |
Frank Buhagiar/Juliet Earl (Financial PR)
| St Brides Partners Ltd | Tel: +44 (0) 207 236 1177 |
NOTES TO EDITORS
About Block Energy
Block Energy (BLOE.L) is an AIM quoted oil and gas company with a growing portfolio of production, development and exploration assets in the Republic of Georgia. Block holds a 100% WI in the producing Norio licence, a 90% WI in the producing Satskhenisi licence and a 71.5% WI in the West Rustavi licence, with an agreement to take a 100% WI.
For more information see www.blockenergy.co.uk
Block Energy P. (BLOE)