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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Forte Energy | LSE:FTE | London | Ordinary Share | AU000000FTE4 | 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% | 0.0029 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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Share Issue for Final Darwin Conversion Notice
Forte Energy NL
AIM Release
9 August 2016
Share Issue for Final Darwin Conversion Notice
Forte Energy NL ("Forte Energy" or "The Company") (AIM: FTE)
Forte Energy announces the allotment of 3,355,704,698 fully paid ordinary shares ("Conversion Shares")
in the Company to Darwin Capital Limited ("Darwin"). The Conversion Shares have been issued following
the receipt of a final conversion notice today from Darwin in relation to the convertible loan notes
announced on 26 March 2015.
The Conversion Shares were issued at 0.00298 pence per share for the exercise of conversion rights in
respect of GBP100,000 of Convertible Loan Notes. Following this share issue, Darwin holds no further
convertible loan notes in the Company and all Forte's obligations to Darwin have been settled.
Application has been made for the admission to trading on AIM of the Conversion Shares, which is
expected to take place on 12 August 2016. Following admission of the Conversion Shares Forte Energy
will have 22,440,362,741 fully paid ordinary shares in issue.
The Company does not expect any further changes to the total shares in issue before the General Meeting
to be held on Friday 26 August 2016. Accordingly the final conversion ratio for Resolution 5 -
Consolidation of Capital to be put to shareholders at the General Meeting is expected to be 1 share for
every 2,992 shares currently held.
Murray Wylie
Company Secretary
For further information contact:
Mark Reilly, Managing Director
Forte Energy NL Tel: +61 (0) 8 9322 4071
Oliver Morse
RFC Ambrian Ltd Tel: +61 (0) 8 9480 2500
(AIM Nominated Adviser to the Company)
Forte Energy NL
Suite 3, Level 3
1292 Hay Street
West Perth WA 6005
Ph: +61 (0)8 9322 4071
Fax: +61 (0)8 9322 4073
Email: info@forteenergy.com.au
Web: www.forteenergy.com.au
Forte Energy NL
(END) Dow Jones Newswires
August 09, 2016 02:00 ET (06:00 GMT)
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