Share Name Share Symbol Market Type Share ISIN Share Description
Infinity Eng. LSE:INFT London Ordinary Share LU0726886947 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.0075p -5.36% 0.1325p 0.13p 0.135p 0.14p 0.1325p 0.14p 60,962,403 11:04:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 0.0 -0.2 -0.1 - 2.32

Infinity Energy S.A. Conversion of Loan Note

05/04/2017 11:43am

UK Regulatory (RNS & others)


 
TIDMINFT 
 
Infinity Energy S.A. 
                         ("Infinity" or the "Company") 
 
                            Conversion of Loan Note 
 
The Company announces that it was informed today that during market closure 
Gerwyn Llewellyn Williams, Company Director and Chief Executive Officer, 
converted his convertible loan totalling GBP480,000 into new ordinary Shares in 
the Company at a conversion rate of GBP0.0013, equating to 369,230,769 new 
ordinary shares ("New Ordinary Shares"). 
 
Application has been made for the New Ordinary Shares to be admitted to trading 
on AIM and dealings are expected to commence on or around 11 April 2017.  The 
New Ordinary Shares will rank pari passu with the existing ordinary shares. 
 
Following this conversion, Mr Williams holds 472,003,497 ordinary shares in the 
Company representing 36.52 per cent. of the issued share capital. 
 
Following the issue of the New Ordinary Shares, the total number of shares in 
issue is 1,292,491,003 ordinary shares, each with voting rights. There are no 
shares held in treasury. Therefore, the total number of voting rights in the 
Company is 1,292,491,003. This figure may be used by shareholders in the 
Company 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 
under the Disclosure and Transparency Rules. 
 
This announcement includes inside information as defined in Article 7 of the 
Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the 
Company's obligations under Article 17 of those Regulations. 
 
 For further information, please contact: 
 
Infinity Energy S.A. 
Gerwyn Williams                                 Tel:  +44 7889 677 397 
Bruce Vandenberg                                Tel:  +44 7899 791 726 
 
Nomad 
Cairn Financial Advisers LLP 
Sandy Jamieson / James Caithie                  Tel:  +44 207 213 0880 
 
Joint-Broker 
WH Ireland Limited 
Paul Shackleton / Nick Prowting                 Tel:  +44 207 220 1666 
 
Joint-Broker 
Peterhouse Corporate Finance Limited 
Eran Zucker / Lucy Williams                     Tel:  +44 20 7469 0930 
 
 
 
END 
 

(END) Dow Jones Newswires

April 05, 2017 06:43 ET (10:43 GMT)

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