Business
Issue of Equity
Issue of Equity.
About this update from Clontarf Energy Plc
[{"type":"text","content":"\n \nRNS Number : 6428X Clontarf Energy PLC 14 January 2014 \n \n\n14 January 2014\n \nClontarf Energy plc\n(\"Clontarf\" or \"the Company\")\n \nIssue of Equity\n \nClontarf Energy, the AIM listed Oil Explorer, announces announces that it has today issued 7,231,975 new ordinary shares of 0.25 pence each (\"Ordinary Shares\") in settlement of professional fees. \n \nThe 7,231,975 Ordinary Shares being issued will rank pari passu in all respects with the Company's existing ordinary shares and will represent 3.5% of the Company's enlarged issued share capital. Application has been made for the 7,231,975 Ordinary Shares to be admitted to trading on AIM (\"Admission\") and Admission is expected to occur, and dealings are expected to commence at 8.00 am on 20 January 2014.\n \nFollowing Admission, the Company's issued share capital will consist of 207,416,444 Ordinary Shares, with each ordinary share carrying the right to one vote. The Company does not hold any ordinary shares in treasury. This figure of 207,416,444 may therefore 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 FSA's Disclosure and Transparency Rules.\n \nFor further information please visit http://clontarfenergy.com or contact:\n \nClontarf Energy plc\nJohn Teeling, Chairman +353 (0) 1 833 2833\nDavid Horgan, Managing Director\nJames Finn, Finance Director\n \nNominated Adviser and Joint Broker\nShore Capital \nPascal Keane/Toby Gibbs, Corporate Finance &nbs...