Caspian Sunrise plc Baverstock Merger Completion (2981G)

TIDMCASP

RNS Number : 2981G

Caspian Sunrise plc

26 May 2017

Caspian Sunrise PLC ("Caspian Sunrise" or the "Company")

formerly Roxi Petroleum Plc

Baverstock Merger Completion

Further to the RNS dated 12 May 2017, Caspian Sunrise plc, the Central Asian oil and gas company, with a focus on Kazakhstan, is pleased to confirm that the Company expects that all conditions for the merger and the associated capitalisation of the $10.1 million Vertom loan, will be concluded by 1 June 2017.

Accordingly Caspian Sunrise has applied for 732,240,744 new Caspian Sunrise shares, representing 43.86 per cent of the then enlarged shares in issue, to be admitted to trading on AIM and it is anticipated that trading in such shares will commence on or around 1 June 2017.

The total number of shares in issue following the issue of these shares will be 1,669,673,820.

Caspian Sunrise has no shares in Treasury, therefore this figure may be used by Shareholders, from Admission, as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Ends

Caspian Sunrise plc [phone]

Clive Carver

Executive Chairman

   WH Ireland, Nominated Adviser & Broker                                 [phone] 

James Joyce / James Bavister

Abchurch [phone]

Tim Thompson / Rebecca Clube

This announcement has been posted to:

https://www.caspiansunrise.com/investors/

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

May 26, 2017 02:01 ET (06:01 GMT)