Source - RNS
RNS Number : 2880H
AIM
06 June 2017
 

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")


COMPANY NAME:

i3 Energy PLC

 

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

New Kings Court

Tollgate

Chandler's Ford

Eastleigh

Hampshire

SO53 3LG

 

COUNTRY OF INCORPORATION:

UK

 

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

www.i3.energy

 

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY).  IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

i3 Energy PLC (''i3'', or the ''Company'') is an independent oil and gas company with assets and operations in the UK. Its strategy is to focus on the development of discoveries located close to existing infrastructure and the exploitation of producing fields, whilst maintaining limited exploration exposure.

 

On 28 December 2016, i3 Energy Limited, the Company's wholly owned subsidiary, acquired a licence from Dana Petroleum (E&P) Limited in the North Sea. Dana drilled a well  in the licence area in 2013 and discovered oil at approximately 5,200 feet. i3 intends to develop the field by way of a two well programme and anticipates producing first oil in Q1 2018.

 

The Company's Admission document will contain full details about the Company and the admission of its securities.

 

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

The fully issued paid up share capital of the Company as it is expected to be immediately following admission is TBC Ordinary Shares of 0.01 pence each.

 

Issue price - TBC

 

There are no shares to be held as treasury shares and there are no restrictions as to transfer of the securities.

 

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

Capital to be raised: TBC

Anticipated market capitalisation: TBC

 

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

TBC

 

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:

N/A

 

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

Neill Ashley Carson (Chief Executive Officer)

Graham Andrew Heath (Chief Financial Officer)

David John Wissler Knox (Non-Executive Chairman)

Majid Shafiq (Non-Executive Director)

Richard Millington Ames (Non-Executive Director)

 

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

Shareholder

Pre IPO holding (%)

Post IPO holding (%)

Graham Andrew Heath

39.39

TBC

Neill Ashley Carson

39.39

TBC

City Financial Investment Company

-

TBC

James Caird Asset Management

-

TBC

Glenwick plc

-

TBC

Mihai Gheorghe Butuc (Michel Georges Butuc)

6.06

TBC

Iain Murray Campbell

6.06

TBC

John Stuart Woods

6.06

TBC

Sheri Barton

3.03

TBC

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

N/A

 

(i)         ANTICIPATED ACCOUNTING REFERENCE DATE

(ii)        DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii)       DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i)         31 December;

(ii)        31 December 2016; and

(iii)       Half year results for the 6 months to 30 June 2017: by 30 September 2017

      Full year result for the 12 months to 31 December 2017: by 30 June 2018

      Half year result for the 6 months to 30 June 2018: by 30 September 2018

 

EXPECTED ADMISSION DATE:

Late June 2017

 

NAME AND ADDRESS OF NOMINATED ADVISER:

WH Ireland Limited

24 Martin Lane

London

EC4R 0DR

 

NAME AND ADDRESS OF BROKER:

WH Ireland Limited

24 Martin Lane

London

EC4R 0DR

 

Cantor Fitzgerald Europe

1 Churchill Place

Canary Wharf

London

E14 5RB

 

First Energy Capital LLP

85 London Wall

London

EC2M 7AD

 

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

WH Ireland Limited

24 Martin Lane

London

EC4R 0DR

 

www.i3.energy

 

DATE OF NOTIFICATION:

6 June 2017

 

NEW/ UPDATE:

Update

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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