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Warrant Exercise

21 Sep 2017 09:00

RNS Number : 4005R
Edenville Energy PLC
21 September 2017
 

 

21 September 2017

 

 

 

EDENVILLE ENERGY PLC

("Edenville" or the "Company")

 

Warrant Exercise

 

Edenville Energy plc (AIM: EDL) announces that the Company has issued a total of 21,924,153 ordinary shares of 0.02p each in the Company ("Ordinary Shares") following receipt of notices to exercise warrants ("New Ordinary Shares").

 

The Company has received notice from JIM Nominees Ltd to exercise 13,911,331 warrants and MD Barnard & Co to exercise 8,012,822 warrants, all at an exercise price of 0.54p each, into 21,924,153 New Ordinary Shares in aggregate. The total consideration received by the Company pursuant to the warrant exercise will be £118,390.42.

 

Application will be made for the 21,924,153 New Ordinary Shares, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM ("Admission"). Admission is expected to occur at 8.00 a.m. on 26 September 2017.

 

Following Admission, the Company will have 1,127,894,465 Ordinary Shares, with voting rights, in issue. This number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

 

For further information please contact:

 

Edenville Energy Plc

Jeff Malaihollo - Chairman

Rufus Short - CEO

+44 (0) 20 7652 9788

 

Northland Capital Partners Limited

(Nominated Adviser)

Gerry Beaney

David Hignell

Jamie Spotswood

 

 

+44 (0) 20 3861 6625

 

Optiva Securities Limited

(Broker)

Jeremy King

Graeme Dickson

 

 

+44 (0) 20 3137 1902

IFC Advisory

(Financial PR and IR)

Tim Metcalfe

Graham Herring

Heather Armstrong

 

+44 (0) 20 3053 8671

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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