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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Hurricane Energy Plc | LSE:HUR | London | Ordinary Share | GB00B580MF54 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 7.79 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMHUR
RNS Number : 4667F
Hurricane Energy PLC
17 May 2017
For immediate release: 17 May 2017
Hurricane Energy plc
("Hurricane" or the "Company")
Completion of Warrant Scheme
Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, announced that all of the warrants (the "Warrants") granted to Stifel Nicolaus Europe Limited ("Stifel") on 12 May 2017 (the "Warrant Scheme") have now been exercised by Stifel. Accordingly, there are no further Warrants in issue and the Warrant Scheme has now lapsed.
Of the ordinary shares arising from the exercise of the Warrants, an aggregate of 5,500,000 ordinary shares were sold in the market by Stifel between 12 May and 16 May.
The remaining 19,500,000 ordinary shares were placed today with institutional shareholders of the Company by Cenkos and Stifel at a price of 51 pence. The aggregate net proceeds to the Company from the Warrant Scheme are GBP12,735,177.
A block listing application has been made to the London Stock Exchange for the admission to trading on AIM of up to 25,000,000 Ordinary Shares (the "Block Listing Shares") with effect from today. The Block Listing Shares will be issued pursuant to the exercise of the Warrants. The Block Listing Shares will be issued credited as fully paid and will rank pari passu in all respects with the existing ordinary shares of the Company.
Following the conclusion of the Warrant Scheme, Hurricane's total issued and voting share capital will comprise 1,227,988,123 Ordinary Shares. This figure 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, securities of the Company.
Contacts:
Dr Robert Trice (Chief Hurricane Executive Officer)/ Energy Alistair Stobie (Chief +44 (0)1483 862 plc Financial Officer) 820 Nominated Adviser and Joint Corporate Cenkos Broker Securities Derrick Lee/Nick +44 (0)131 220 plc Tulloch/Beth McKiernan 6939 Stifel Nicolaus Joint Corporate Broker Europe Callum Stewart/Nicholas +44 (0)20 7710 Limited Rhodes/Ashton Clanfield 7600 Vigo Communications Public Relations +44 (0)20 7830 Patrick d'Ancona/Ben 9704 Simons Hurricane@vigocomms.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCGGUGCAUPMGAM
(END) Dow Jones Newswires
May 17, 2017 11:45 ET (15:45 GMT)
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