12 February 2021
Advance Energy plc
("Advance Energy" or the "Company")
Issue of Warrants
Advance Energy plc (AIM:ADV), the energy company seeking growth through acquisition or farm-in to non-operated interests in discovered upstream projects, announces it has today issued warrants ("Warrants") to subscribe for 545,455 new ordinary shares in the Company.
The Warrants have been issued to a third party who assisted with the Company's placing of new ordinary shares in November 2020 and represent agreed compensation. The Warrants have an exercise price of 0.22 pence and an expiry date of 9 December 2023.
Enquiries:
| Advance Energy plc | |
| Leslie Peterkin (CEO) / Stephen West (CFO) | +44 (0)1624 681 250 |
| Strand Hanson Limited (Financial and Nominated Adviser) | |
| James Harris / Rory Murphy / Georgia Langoulant | +44 (0)20 7409 3494 |
| Buchanan (Public Relations) |
|
| Ben Romney / Kelsey Traynor | +44 (0)20 7466 5000 |
| Tennyson Securities (Joint Broker) |
|
| Peter Krens / Ed Haig-Thomas | +44 (0)20 7186 9030 |
| Optiva Securities Limited (Joint Broker) |
|
| Christian Dennis | +44 (0)20 3411 1881 |
For further information, please visit www.advanceplc.com and @advanceplc on Twitter
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This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 ("MAR").
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