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Placing & Open Offer
Placing & Open Offer.
About this update from Europa Oil & Gas (holdings) Plc
[{"type":"text","content":"\n \nRNS Number : 8324H Europa Oil & Gas (Holdings) PLC 20 November 2018 \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, INTO OR FROM THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. THIS ANNOUNCEMENT SHOULD BE READ IN ITS ENTIRETY. FURTHER DETAILS OF THE PLACING AND OPEN OFFER ARE SET OUT BELOW.\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 ORDINARY SHARES OF EUROPA OIL & GAS (HOLDINGS) PLC.\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN ARTICLE 7 OF THE MARKET ABUSE REGULATION NO. 596/2014 (\"MAR\"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \nEuropa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas\n20 November 2018 \nEuropa Oil & Gas (Holdings) plc\n ('Europa' or 'the Company')\nPlacing and Open Offer \nAnd \nNotice of General Meeting \n \nEuropa Oil & Gas (Holdings) plc, the UK and Ireland focussed oil and gas exploration, development and production company, is pleased to announce that it has conditionally raised total gross proceeds of approximately £4.0 million by the placing of 133,333,338 New Ordinary Shares pursuant to the Placing at an issue price of 3 pence per New Ordinary Share. Furthermore, it proposes to raise up to a further approximately £1.0 million by the issue of up to a further 33,487,597 New Ordinary Shares pursuant to an Open Offer to Qualifying Shareholders, also at an issue price of 3 pence per New Ordinary Share.\nHighlights:\n· Placing to new and existing institutional and other investors to raise gross proceeds of £4.0 million;\n· Open Offer to Qualifying Shareholders to raise gross proceeds of up to a further £1.0 million;\n· Certain Directors have undertaken to subscribe for Placing Shares and Open Offer Shares, in aggregat...