Business
Admission To Aim And First Day Of Dealings
Admission To Aim And First Day Of Dealings.
About this update from Coro Energy Plc
[{"type":"text","content":"\n \nRNS Number : 7273X Saffron Energy PLC 24 February 2017 \n\nFebruary 24, 2017\n \n \nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. THE DISTRIBUTION OF THIS ANNOUNCEMENT IN OTHER JURISDICTIONS INCLUDING (WITHOUT LIMITATION) THE UNITED STATES OF AMERICA, JAPAN, OR THE REPUBLIC OF SOUTH AFRICA (OR TO ANY RESIDENT THEREOF) MAY BE RESTRICTED BY LAW AND THEREFORE PERSONS INTO WHOSE POSSESSION THIS ANNOUNCEMENT COMES SHOULD INFORM THEMSELVES OF AND OBSERVE ANY SUCH RESTRICTIONS. ANY FAILURE TO COMPLY WITH THESE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF ANY SUCH JURISDICTION. \n \nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY NEW COMMON SHARES OF SAFFRON ENERGY PLC. IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.\n \nSaffron Energy plc\n(\"Saffron Energy\", the \"Company\" or, together with its subsidiaries, the \"Group\")\n \nAdmission to AIM and First Day Of Dealings\n \nSaffron Energy plc (AIM: SRON), the onshore natural gas producer with interest in northern Italy, is pleased to announce today's admission of its ordinary shares of 0,1 pence each (\"Ordinary Shares\") to trading on the AIM Market of the London Stock Exchange (\"AIM\"). Dealings in the Ordinary Shares will commence at 8.00am (GMT) under the ticker SRON (\"Admission\").\n \nAs part of the AIM listing, the Company has raised £2.5 million before expenses by a placing and subscription of 50,000,000 new Ordinary Shares (the \"Placing and Subscription\") with investors at a pprice of 5 pence per Ordinary Share (\"Placing and Subscription Price\"), giving the Company an estimated market capitalisation of approximately £7.69 million on Admission, based on the Placing and Subscription Price. On Admission, the Company has 153,720,000 Ordinary Shares in issue (and no shares held in treasury). The Placing was led by the Company's corporate broker Turner Pope Investments (TPI) L...