|Share Name||Share Symbol||Market||Type||Share ISIN||Share Description|
|Echo Energy||LSE:ECHO||London||Ordinary Share||GB00B0RNX796||ORD 0.01P|
|Price Change||% Change||Share Price||Bid Price||Offer Price||High Price||Low Price||Open Price||Shares Traded||Last Trade|
|Industry Sector||Turnover (m)||Profit (m)||EPS - Basic||PE Ratio||Market Cap (m)|
|Oil & Gas Producers||0.0||-1.8||-1.1||-||30.48|
Independent Resources PLC Warrant Exercise and Total Voting Rights
UK Regulatory (RNS & others)
RNS Number : 9672Z
Independent Resources PLC
20 March 2017
FOR IMMEDIATE RELEASE
Independent Resources plc
("IRG" or the "Company")
Warrant Exercise and Total Voting Rights
The Company announces that it has received exercise notices from certain of its warrant holders to exercise 22,750,000 warrants into new ordinary shares of 0.01p each in the Company ("New Ordinary Shares") as per the table below:
Exercise No. of warrants price being exercised --------- ----------------- 0.12p 22,750,000 --------- ----------------- Total: 22,750,000 --------- -----------------
The total consideration received by the Company pursuant to the warrant exercise will be GBP27,300.00.
Application will be made for the 22,750,000 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 on 24 March 2017.
Following Admission, the total number of voting rights in the Company will be 3,884,420,215 ordinary shares. 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 more information, please visit www.ir-plc.com or contact:
James Parsons Echo Energy plc firstname.lastname@example.org Greg Coleman Echo Energy plc email@example.com ZAI Corporate Finance John Treacy Ltd. 020 7060 2220 Jamie Spotswood (Nominated Adviser) Oliver Stansfield Brandon Hill Capital Jonathan Evans (Broker) 020 3463 5000
This information is provided by RNS
The company news service from the London Stock Exchange
(END) Dow Jones Newswires
March 20, 2017 08:59 ET (12:59 GMT)
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