Source - RNS
RNS Number : 0740K
Mytrah Energy Ltd
06 April 2018

                                                                             6 April 2018


Exercise of Options

Mytrah Energy Limited (the "Company") announces that it will issue a total of 9,803,323 new ordinary shares of no par value each ("New Shares") pursuant to the exercise of options by The Raksha Trust (the "Trust") at an exercise price of 0.1p per share.

The Trust is a Jersey based discretionary trust settled by Ravi Kailas, the Chairman of the Company, of which he, some of his family members (including Vikram Kailas, the Vice Chairman and MD of the Company), and a philanthropic trust are discretionary beneficiaries. Following issue of the New Shares the Trust will hold 104,554,353 ordinary shares of no par value representing 60.3% of the enlarged issued share capital of the Company.  

Application will be made for the New Shares, which will rank pari passu with the Company's existing ordinary shares, to be admitted to trading on AIM and dealings are expected to commence on or around 12 April 2018 ("Admission"). Following Admission there will be 173,439,323 ordinary shares of no par value in issue.  


Mytrah Energy Limited (via Yellow Jersey PR Limited)
Russell Walls

Rohit Phansalkar

+44 (0)7555 159 808

Investec (Nominated Adviser and Joint Broker)
Jeremy Ellis

Chris Sim

George Price


+44 (0)20 7597 4000

Mirabaud Securities LLP

Peter Krens

Rory Scott 


+44 (0)20 7878 3360

Yellow Jersey PR Limited

Charles Goodwin


Abena Affum


+44 (0)7747 788 221


+44 (0)7555 159 808

About Mytrah Energy Limited


Mytrah Energy Limited is a renewable power producer listed on the AIM market of the London Stock Exchange. The Company is one of the largest Independent Power Producers of the Indian renewable energy sector and a pioneer in this space. Mytrah has a portfolio of 2000MW of operational and under development renewable power projects across 9 Indian states (Punjab, Rajasthan, Gujarat, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka and Tamil Nadu). Mytrah also has one of the largest wind data banks in India. It is the only independent power producer with over 200 wind mast locations across the country.


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