Source - RNS
RNS Number : 9511H
Edenville Energy PLC
13 June 2017
 

 

13 June 2017

 

 

 

EDENVILLE ENERGY PLC

("Edenville" or the "Company")

 

Warrant Exercise and Director Dealing

 

Edenville Energy plc (AIM: EDL) announces that the Company has issued a total of 14,722,442 ordinary shares of 0.02p each in the Company ("Ordinary Shares") following receipt of a notice to exercise warrants ("New Ordinary Shares").

 

The Company has received notice from JIM Nominees Ltd to exercise 14,722,442 warrants at an exercise price of 0.60p each into 14,722,442 New Ordinary Shares.  The total consideration received by the Company pursuant to the warrant exercise will be £88,334.65.

 

Included within the JIM Nominees Ltd warrant exercise are 1,111,111 warrants held beneficially by the Company's Chief Executive, Rufus Short.  Following the exercise of these 1,111,111 warrants into Ordinary Shares, for a total consideration of £6,666.67, Rufus Short's holding in the Company will be 3,333,113 Ordinary Shares, equating to 0.30% of the Company's share capital as enlarged by the warrant exercise.

 

Application will be made for the 14,722,442 New Ordinary Shares, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM ("Admission").  Admission is expected to occur at 8.00 a.m. on 19 June 2017.

 

Following Admission, the Company will have 1,101,786,807 Ordinary Shares, with voting rights, in issue. This number 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.

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

 

For further information please contact:

 



Edenville Energy Plc

Jeff Malaihollo - Chairman

Rufus Short - CEO

+44 (0) 20 7652 9788

 

Northland Capital Partners Limited

(Nominated Adviser)

Gerry Beaney

David Hignell

 

 

+44 (0) 20 3861 6625

 

Optiva Securities Limited

(Broker)

Jeremy King

Graeme Dickson

 

 

+44 (0) 20 3137 1902

IFC Advisory

(Financial PR and IR)

Tim Metcalfe

Graham Herring

Heather Armstrong

 

+44 (0) 20 3053 8671

 

 

 


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