Share Name Share Symbol Market Type Share ISIN Share Description
Independent Resources LSE:IRG 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
  +0.00p +0.00% 0.395p 0.00p 0.00p - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -1.8 -1.1 - 13.25

Independent Resources PLC Warrant Exercise and Total Voting Rights

20/03/2017 12:59pm

UK Regulatory (RNS & others)


Independent Resources (LSE:IRG)
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3 Months : From Mar 2017 to May 2017

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TIDMIRG

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

Warrant Exercise

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         j.parsons@echoenergyplc.com 
 Greg Coleman             Echo Energy plc         g.coleman@echoenergyplc.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

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March 20, 2017 08:59 ET (12:59 GMT)

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