Business
Result of Broker Option and Posting of Circular
Result of Broker Option and Posting of Circular.
About this update from Europa Oil & Gas (holdings) Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2940P\n Europa Oil & Gas (Holdings) PLC\n 16 February 2021\n \n \n \n \n Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas\n \n \n \n \n \n Europa Oil & Gas (Holdings) plc (\"EOG\" or the \"Company\")\n \n \n Result of Broker Option and Posting of Circular\n \n \n \n \n \n Europa Oil & Gas (Holdings) plc, the AIM quoted \n UK, Ireland\n and Morocco focused oil and gas exploration, development and production company, \n is pleased to advise that it has been notified by Turner Pope Investments (TPI) Limited (\"Turner Pope/TPI\") that TPI intends to exercise its broker option in respect of 3,698,462 ordinary shares. \n \n \n \n \n \n Background to the Broker Option\n \n \n As announced on 11 February 2021, the Company conditionally raised a total of £1.5 million (before expenses) via a conditional placing (the 'Placing'). In tandem with this, Europa granted a broker option \n (the 'Broker Option')\n ,\n which \n has now closed,\n to \n Turner Pope \n to \n provide the opportunity for interested shareholders to participate in the Placing. The details of the Placing were provided in the Company's announcement of 11 February 2021 and the terms defined in that announcement have been used in this release. \n \n \n \n \n \n As previously disclosed, the Placing is taking place in two tranches. The first tranche comprises \n 38,461,538 \n new ordinary shares in the Company (the 'First Tranche') and is not conditional upon any shareholder approvals\n . \n The second tranche of the Placing, comprising \n 76,923,078 \n new ordinary shares in the Company (the 'Second Tranche'), is conditional upon the approval of shareholders at a general meeting of the Company (the 'General Meeting')\n . The Broker Option, \n comprising 3,698,462 new ordinary shares in the Company ('Broker Option Shares'), is also conditional upon the approval of shareholders at the General Meeting. \n \n \n \n \n \n Posting of circular to shareholders\n \n \n A circular to shareholders in relation to the Placing and the Broker Option and the convening of the General Meeting is today being posted to shareholders. \n The General Meeting will be held as a virtual closed meeting at 11:00 a.m. (UK time) on 4th March 2021.\n \n \n &nbs...