Business
Conversion of Warrants Generates £100,000
Conversion of Warrants Generates £100,000.
About this update from Prospex Energy Plc
[{"type":"text","content":"\n \n \n \n \n \n Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas\n \n \n \n \n \n 7 September 2022\n \n \n \n \n \n \n Prospex Energy PLC\n \n \n \n ('Prospex' or the 'Company')\n \n \n \n \n \n \n \n \n Conversion of Warrants and TVR\n \n \n \n \n Conversion of Warrants Generates £100,000\n \n \n \n \n \n \n \n \n \n \n \n Prospex Energy PLC, the AIM-quoted investment company focused on European gas and power projects, announces that it has received notice for the exercise of warrants to subscribe for 3,333,334 new ordinary shares of 0.1p each in the Company (\"Ordinary Shares\"). The warrants were issued pursuant to a warrant agreement dated 23 February 2022 which related to a placing announced by the Company in March 2021. The exercise price is 3 pence per warrant exercised, therefore generating proceeds of £100,000.02 for the Company.\n \n \n \n \n \n \n Admission to Trading and Total Voting Rights\n \n \n \n \n \n \n \n \n The Company has applied to the London Stock Exchange for admission of 3,325,973 new Ordinary Shares to trading on AIM ('Admission'),\n which together with the 7,361 shares held in treasury, will be used to satisfy the 3,333,334 shares required for this warrant conversion. Admission is expected to occur on or around 12 September 2022. There are currently 256,700,726 Ordinary Shares in issue and 7,361 shares held in Treasury. \n \n \n \n \n \n Following Admission, subject to the 3,325,973 New Shares being allotted and issued and utilising the 7,361 shares held in Treasury there will be a total of 260,026,699 Ordinary Shares in issue and zero shares held in Treasury. This will be the number of\n Ordinary Shares that 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 the Company under the FCA's Disclosure and Transparency Rules.\n \n \n \n \n \n \n \n \n \n This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\") and is disclosed in accordance with the Company's obligations under Article 17 of MAR.\n \n ...