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
  +0.00p +0.00% 0.0825p 0.08p 0.085p 0.0825p 0.0825p 0.0825p 13,755,397 07:55:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 0.0 -0.3 -0.1 - 1.45

Infinity Energy S.A. - Conversion of Loan Note

05/04/2017 11:43am

PR Newswire (US)

Infinity Eng. (LSE:INFT)
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6 Months : From Jan 2017 to Jul 2017

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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 £480,000 into new ordinary Shares in the Company at a conversion rate of £0.0013, 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
Bruce Vandenberg

Tel:  +44 7889 677 397
Tel:  +44 7899 791 726
Cairn Financial Advisers LLP
Sandy Jamieson / James Caithie

Tel:  +44 207 213 0880
WH Ireland Limited
Paul Shackleton / Nick Prowting

Tel:  +44 207 220 1666
Peterhouse Corporate Finance Limited
Eran Zucker / Lucy Williams

Tel:  +44 20 7469 0930

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