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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Andalas Energy And Power Plc | LSE:ADL | London | Ordinary Share | IM00BZ7PNY71 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.20 | 0.19 | 0.21 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMADL Andalas Energy and Power Plc ('Andalas', or the 'Company') Issue of warrants Further to the Company's announcement of 27 November regarding the equity investment of GBP500,000 and provision of a convertible loan note facility of up to GBP2 million by 1798 Volantis Fund Ltd ("Volantis"), 638,569,604 warrants over ordinary shares have been issued to Volantis. The warrants have been issued with a 5 year term with a strike price of 0.5 pence per share; the basis of calculation being a 25% premium to the closing bid price (previously announced exercise price was 0.54375 being a 25% premium to the closing mid-market price). The Company also confirms that it has received the GBP500,000 subscription proceeds and notes today's notification of major holdings announcement by Lombard Odier Asset Management (Europe) Limited that they are the beneficial owner of the entire subscription amount. The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR'). Upon the publication of this announcement via a Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain. For further information, please contact: David Andalas Energy and Power Plc Tel: +62 21 2783 2316 Whitby Sarah Cantor Fitzgerald Europe Tel: +44 20 7894 7000 Wharry (Nominated Adviser and Joint Broker) END
(END) Dow Jones Newswires
December 06, 2017 04:01 ET (09:01 GMT)
1 Year Andalas Energy And Power Chart |
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