Corcel PLC Exercise of Warrants & TVR (2644Z)

TIDMCRCL

RNS Number : 2644Z

Corcel PLC

10 January 2024

Corcel PLC

("Corcel" or the "Company")

Exercise of Warrants - Total Voting Rights

10 January 2024

Corcel Plc (London AIM: CRCL), the Angolan focused exploration and production company, is pleased to announce that it has received notice of the exercise of 5,000,000 warrants at a price of GBP0.0035 per share, for gross proceeds of GBP17,500, which have been credited to the Company's account. Accordingly, the Company has issued 5,000,000 new ordinary shares of GBP0.0001 each ("Warrant Shares") in the Company.

Admission to Trading on AIM and Total Voting Rights

Application is being made for the Warrant Shares to be admitted to trading on AIM, the admission of which it is expected on or around 15 January 2024.

In accordance with the provision of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the issue of the Shares, its issued ordinary share capital will comprise 1,675,876,345 ordinary shares.

All of the ordinary shares have equal voting rights and none of the ordinary shares are held in Treasury. The total number of voting rights in the Company will therefore be 1,675,876,345. The above figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interests in, or change to their interest in, the Company.

For further information, please contact:

Antoine Karam Corcel Plc Executive Chairman

[e-mail]

   James Joyce / James Bavister /Andrew de Andrade             WH Ireland Ltd NOMAD & Broker 

0207 220 1666

Patrick d'Ancona Vigo Communications IR

0207 3900 230

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January 10, 2024 05:38 ET (10:38 GMT)