Business
Exercise of 12p Warrants
Exercise of 12p Warrants.
About this update from Empyrean Energy Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3698S\n Empyrean Energy PLC\n 15 November 2021\n \n \n \n \n Empyrean Energy Plc / Index: AIM / Epic: EME / Sector: Oil & Gas\n \n \n \n \n \n Empyrean Energy plc\n \n \n \n \n \n Exercise of 12p Warrants \n \n \n \n \n \n 15 November 2021\n \n \n \n \n \n Empyrean Energy (\"Empyrean\" or the \"Company\"), the oil and gas development company with interests in China, Indonesia and the United States, advises that it has received further notices to exercise warrants (exercise price 12p per Warrant) over a total of 333,333 Ordinary Shares (the \"Warrant Shares\"), for which funds of \n £\n 40,000 have been received by the Company.\n \n \n \n \n \n Application will be made for the admission of the Warrant Shares to trading on AIM (\"Admission\"). Admission is expected to take place on 19 November 2021. The Warrant Shares will rank pari passu with the existing ordinary shares on issue. \n \n \n \n \n \n The Company will also issue 333,333 replacement incentive warrants expiring 22 October 2022 with an exercise price of 12p and 333,333 bonus warrants expiring 22 July 2023 with an exercise price of 18p, in accordance with the terms of the warrants being exercised, as detailed in the announcements on 9 July 2021 and 21 October 2021.\n \n \n \n \n \n Following Admission, the Company's enlarged issued share capital will comprise 576,937,446 ordinary shares of 0.2p each (the \"Shares\"), each with voting rights. This figure 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, securities of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.\n \n \n \n \n \n -ENDS-\n \n \n \n \n \n \n \n \n For further information please contact the following:\n \n \n \n \n \n \n \n \n \n \n \n Empyrean Energy plc\n \n \n \n \n \n \n \n \n \n \n \n \n \n Tom Kelly\n \n \n \n \n Tel: +61 6146 5325\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Cenkos Securities plc (Nominated Advisor and Broker)\n \n \n \n \n \n \n \n \n \n \n \n \n \n Neil McDonald\n \n \n \n \n Tel: +44 (0) 131 220 9771\n \n \n \n \n \n...