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% 0.0925p 0.09p 0.095p 0.0925p 0.0925p 0.0925p 13,926,016 07:56:49
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 0.0 -0.3 -0.1 - 1.62

Infinity Energy S.A. Issue of Equity

16/03/2017 4:02pm

UK Regulatory (RNS & others)


 
TIDMINFT 
 
Infinity Energy S.A. 
                         ("Infinity" or the "Company") 
 
                                Issue of Equity 
 
The board of Infinity (the "Board") is pleased to announce that, following 
investor demand, the Company has raised approximately GBP500,000, before 
expenses, through Peterhouse Corporate Finance, by way of a placing of 
555,558,200 new ordinary shares ("New Ordinary Shares") at a price of 0.09p per 
share (the "Placing"). The Placing is subject only to the admission of the New 
Ordinary Shares to trading on AIM. 
 
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 22 March 2017.  The 
New Ordinary Shares will rank pari passu with the existing ordinary shares. 
 
The proceeds of the subscription will be used to increase the cash reserves of 
the Company as the Board seeks to explore and complete investment opportunities 
in line with its strategy in the UK onshore oil and gas sector. 
 
Commenting on the subscription, Gerwyn Williams, Chairman of Infinity, said: 
 
"I am very pleased in the continuing and growing confidence being shown by 
investors in the Company. This further demonstration of support for Infinity 
from the investment community provides the opportunity to increase the free 
float of the Company and provide the necessary funding to enable us to press 
forward with our strategic goals. The Board believes that these further funds 
are expected to be sufficient to provide the Company with the funding required 
to undertake any required pre-completion work to execute this strategy. 
Shareholders should rest assured that the Company is committed to delivering 
news regarding the implementation of this strategy in the short-term". 
 
Following the issue of the New Ordinary Shares, the total number of shares in 
issue is 923,260,234 ordinary shares, each with voting rights. There are no 
shares held in treasury. Therefore, the total number of voting rights in the 
Company is 923,260,234. 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

March 16, 2017 12:02 ET (16:02 GMT)

1 Year Infinity Eng. Chart

1 Year Infinity Eng. Chart

1 Month Infinity Eng. Chart

1 Month Infinity Eng. Chart
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:35 V:gb D:20170625 05:32:11