Business
Results of the Placing and PrimaryBid Offer
Results of the Placing and PrimaryBid Offer.
About this update from Europa Oil & Gas (holdings) Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 4611D\n Europa Oil & Gas (Holdings) PLC\n 03 March 2022\n \n \n \n \n Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas\n \n \n \n \n \n NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, NEW ZEALAND OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW.\n \n \n \n \n \n THIS ANNOUNCEMENT IS NOT AN OFFER TO SELL OR A SOLICITATION TO BUY SECURITIES IN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA AND NEW ZEALAND OR IN ANY OTHER JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL OR CONTRAVENE ANY REGISTRATION OR QUALIFICATION REQUIREMENTS UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR ANYTHING CONTAINED HEREIN SHALL FORM THE BASIS OF, OR BE RELIED UPON IN CONNECTION WITH, ANY OFFER OR COMMITMENT WHATSOEVER IN ANY JURISDICTION. \n \n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU\n \n \n \n \n \n \n \n \n 3 March 2022\n \n \n Europa Oil & Gas (Holdings) plc \n \n \n ('Europa' or 'the Company')\n \n \n \n \n \n Results of the Placing and PrimaryBid Offer\n \n \n \n \n \n \n \n \n Further to the announcement yesterday regarding the proposed Fundraising, Europa Oil & Gas (Holdings) plc \n is pleased to announce that it has conditionally raised gross proceeds of £\n 7.02 \n million, before expenses, through the conditional placing of \n 390,000,000\n new ordinary shares of £0.01 each at an issue price of \n 1.8 \n pence per share (the \"Issue Price\") (the \"Fundraising Shares\") (a \n 21.7\n % discount to the 30 day volume weighted average share price on 2 March 2022). \n \n \n \n \n \n The issue of the Fundraising Shares is conditional, inter alia, on shareholder approval \n at \n a g\n eneral \n m\n eeting\n \n of the Company (the \"\n \n \n General Meeting\n \n \"), which will take place on or around 25 March 2022\n . The PrimaryBid Offer is a separate and distinct offer, but is conditional on, inter alia, Admission of the Placing Shares. \n \n \n \n The Circular, containing further d...