We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Edenville Energy Plc | LSE:EDL | London | Ordinary Share | GB00BN47NP32 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 14.25 | 14.00 | 14.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMEDL
RNS Number : 6281B
Edenville Energy PLC
24 September 2018
24 September 2018
EDENVILLE ENERGY PLC
("Edenville" or the "Company")
Interim Results for the six months to 30 June 2018
Edenville Energy plc (AIM: EDL), the company developing a coal project in southwest Tanzania, announces the Company's unaudited interim results for the six months ended 30 June 2018.
Key Period Highlights
-- Commercial mining and wash plant operation start full production phase with a variety of sized coal products being produced
-- From 1 January 2018 to 30 June 2018 31,169 tonnes of Run of Mine ("ROM") coal processed, producing 8,808 tonnes of washed coal and 13,775 tonnes of fine coal. Of the 8,808 tonnes of washed coal, 4,221 tonnes were shipped
-- Revenue recognised for the first time
-- Revenues from 1 January 2018 to 16 April 2018 are off-set against development costs as the mine was being tested to ensure it functioned as intended.
-- From 17 April 2018 to 30 June 2018 the mine produced 5,348 tonnes of washed coal and 7,004 tonnes of fine coal. Of the 5,348 tonnes of washed coal 2,314 tonnes were sold, resulting in recognised revenue of GBP59,310
-- Company raised GBP740,000 (before expenses) at 0.35 pence per share in April 2018
-- US$455m Powerline financing by World Bank approved which will provide key infrastructure for the planned power plant
-- MOU with Sinohydro extended
Post Period Highlights
-- Two year contract for coal supply of 4,000 tonnes per month secured
-- From 1 July 2018 to 17 September 20,945 tonnes of Run of Mine ("ROM") coal processed, producing 6,186 tonnes of washed coal and 9,523 tonnes of fine coal. Of the 6,186 tonnes of washed coal, 4,947 tonnes were shipped
-- Average daily shipments (calculated on a calendar day basis) of coal of 63 tonnes post H1 period, up from 51 tonnes in July 2018 and 23 tonnes for the first half
-- Plant upgrade tasks nearing completion
Jeff Malaihollo, Chairman of Edenville, commented: "Edenville continued to make significant progress in the first half of 2018, with commercial coal production starting in earnest. Throughout the period and more recently we have continued to refine the coal production process and install additional equipment, allowing increased production to satisfy the demand we are seeing.
"With progress also being made on the power plant project following the announcement of the power line infrastructure financing, I believe Edenville is well positioned for the future."
For further information please contact:
Edenville Energy Plc Jeff Malaihollo - Chairman Rufus Short - CEO +44 (0) 20 3934 6630 Northland Capital Partners Limited (Nominated Adviser and Broker) David Hignell Gerry Beaney Jamie Spotswood +44 (0) 20 3861 6625 IFC Advisory (Financial PR and IR) Tim Metcalfe Heather Armstrong Julia Westcott-Hutton +44 (0) 20 3934 6630
CEO's report
Operational Report
Production of Coal
The Company started 2018 with the Company's newly constructed Rukwa Coal Project entering its commercial production phase in mid-April, following previous trial shipments. This phase started with the completion of overburden stripping and trial runs of the wash plant and is now at the stage where commercial coal sales are being made and production rates increasing.
Our small but efficient mining fleet has operated with high availability and utilisation rates, with our Volvo excavator complimenting the hired truck fleet well. We have been able to rapidly access coal measures and continue to provide raw coal to the process plant as required. The mining fleet continues to operate well and we are targeting new areas of the mine to satisfy the anticipated increased production in the near future.
The newly constructed wash plant has been able to process the ROM coal to provide a washed product of between 5,500GCV and 6,000GCV. However, after opening up the coal deposit and processing coal we have identified areas of the plant that require some modification in order for it to run at an optimal level.
One main area of focus has been how to deal with significant amounts of fine coal in the system, which has slowed the process down and also lead to unwanted contamination. We have opted for a pre-screening unit to take these fines out of the process before they enter the main wash plant module. This is currently under construction and will be operating later in 2018. Additional modifications to the plant have also included the addition of a Lamella water treatment plant that enhances and reduces the water usage profile along with ensuring our site is following recognised international environmental practices. This is currently on site and will be in full operation shortly.
For the six months to June 2018 we processed 31,169 tonnes of ROM coal, producing 8,808 tonnes of washed coal and 13,775 tonnes of fine coal, with shipments of 4,221 tonnes of washed coal. The majority of the remaining washed coal has been shipped and we are in discussions with potential purchasers of fine coal, some of whom have already received trial shipments.
Throughout the development of mining and processing we have followed a conservative step by step approach to ensure capital has been utilised in a responsible way to grow the operation. It is a new mining project, opening up a new coal deposit in a remote area, with a limited mining history. It is also supplying a new product to customers who have a requirement to get comfortable with the coal, the operation and our people's ability to deliver the product. The majority of our employees are local to the operation, supported by a core of Tanzanian mining professionals. They have developed into an effective and competent team. In line with the Tanzanian Government's directives we have to limit the presence of expatriates and currently have one professional providing day to day management and technical input into the operation.
As both our coal and location was new to the market, most of the customers have initially elected to take coal either on a trial basis or on non-contractual terms until they were comfortable with the outcomes. We worked with several customers throughout the first half of 2018 on trials and spot sales with a contract for 4,000 tonnes per month being formalised in August 2018. We are also working on the finalisation of several other longer term contracts and hope to conclude these in the near future. When taking transport considerations into account even relatively small orders or contracts of less than 1,000 tonnes can have a value exceeding US$100,000 per month and we recognise our customers need to fully understand and be comfortable with the outcomes before making a long term commitment.
As we move into the next phase of the operation with increased production, regular customers and formal contracts, the Company is well placed to take advantage of the demand for energy coal in East Africa as a whole. Growth in East Africa is significant and there are several new industrial facilities that we are in discussions with that require coal for their production processes.
Coal to Power Project
Over the first half of 2018 there was considerable discussion within the Tanzanian Government and parastatal organisations such as the state-owned energy company, Tanesco, on the future route for energy production and how coal would fit into this plan. We, along with our EPC partners, Sinohydro, have patiently awaited the developments in policy from the Tanzanian side whilst continuing essential work such as baseline monitoring for the environmental certificate.
Crucially, in June 2018 funding of US$455 million was approved for the Tanzania-Zambia Interconnector Project (TAZA) which includes the section of transmission line from Sumbawanga to Tunduma. Sumbawanga is located approximately 25km from our mine site. Now that this vital part of the infrastructure for the power plant is funded we can begin to move forward our power plant plans in parallel.
Of particular note, post period, is the release in September of the Invitation for Qualification (IFQ) documents from Tanesco. These provide the framework for Tanesco and potential power suppliers to move forward through the various steps towards agreement and then subsequent development of power generation facilities. In light of the previous feasibility and other work the Company has carried out and importantly the development of the coal mine, the Company been asked to participate in the qualification process over the coming months. This is a major milestone for our Coal to Power Project and we believe this, in parallel with the power line funding, places the Company in a very positive position to move forward.
The fact that we have now opened up the mining area along several hundred metres of strike length and to a depth of over 30 metres means we have started to gain an excellent understanding of the coal characteristics for any future power plant development. This information and understanding will be crucial in the final design of the power plant to ensure it is optimal both technically and financially.
Our cooperation with Synohydro, one of the largest Chinese EPC companies, has been extended for 18 months until 25 December 2019. Whilst a feasibility study on a 120MW plant has already been carried out, the potential for a significantly larger plant of up to 300MW is now being considered and much of Sinohydro's work will be focused towards this option.
Financial Results
For the six months period ended 30 June 2018 the Company reports sales revenue for the first time of GBP59,310. This only reflects sales from 17 April 2018 onwards as sales in the first half to 16 April 2018, amounting to GBP60,065, were part of the testing phase of the mine to ensure it was functioning as intended and have been capitalised in accordance with the Company's accounting policy. As production of washed coal increases the unit sales cost will progressively fall. The Company's sales post period continue to strengthen with 4,947 tonnes being shipped from 1 July to 17 September 2018.
In the first half the Company made a gross profit of GBP4,467 on sales of GBP59,310. The Company made a loss after taxation of GBP544,959 (H1 2017 GBP551,337). The net assets at 30 June 2018 amounted to GBP7,568,436 (30 June 2017 GBP6,805,216).
The total comprehensive loss for the period was GBP387,412 (H1 2017 GBP841,877), which included a gain of GBP157,457 (H1 2017 loss of GBP290,540) arising from the translation of the Tanzanian subsidiary accounts from US Dollars to Sterling.
Summary
The Company is making further progress in the second half of 2018 with continuing orders for coal and a two year supply contract in place. We see more contracts being finalised in the near future and plant upgrades are in progress to increase production to satisfy demand.
With the announced financing of the power line near to our proposed power plant project we expect to make significant progress in the near future on the structure of the power plant development process with Tanesco and the Ministry of Energy, in conjunction with our partner, Sinohydro.
Rufus Short
Chief Executive Officer
EDENVILLE ENERGY PLC
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE SIX MONTHSED 30 JUNE 2018
Hot Features
Premium
Six months Six months Year
ended ended ended
30 June 30 June 31 Dec
18 17 17
Unaudited Unaudited Audited
Note GBP GBP GBP
Revenue 59,310 - -
Cost of sales (54,663) - -
Gross profit 4,647 - -
Administrative expenses (526,648) (439,188) (927,640)
Share based payments (23,235) (112,897) (155,077)
Written off intangible asset - - (104,211)
Group operating loss (545,236) (552,085) (1,186,928)
Finance income 277 748 864
Loss on operations before taxation (544,959) (551,337) (1,186,064)
Taxation - - -
Loss for the period after taxation (544,959) (551,337) (1,186,064)
Other comprehensive income/(loss):
(Loss)/gain on translation of
overseas subsidiary 157,547 (290,540) (553,211)
Total comprehensive (loss)/income
for the period (387,412) (841,877) (1,739,275)
Attributable to:
Equity holders of the Company (386,955) (841,583) (1,738,557)
Non-controlling interest (457) (294) (718)
(387,412) (841,877) (1,739,275)
Loss per share
- basic and diluted (pence) 2 (0.04) (0.09) (0.11)
The income for the period arises from the Group's continuing operations.
EDENVILLE ENERGY PLC
CONSOLIDATED statement of financial position
as at 30 june 2018
As at As at As at
30 June 30 June 31 Dec
18 17 17
Unaudited Unaudited Audited
Note GBP GBP GBP
Non-current assets
Property, plant and equipment 4 975,267 999,215 1,059,583
Intangible assets 5 5,664,122 4,731,189 5,071,318
6,639,389 5,730,404 6,130,901
Current assets
Inventories 163,184 - -
Trade and other receivables 390,755 181,695 299,666
Cash and cash equivalents 537,478 1,128,790 951,078
1,091,417 1,310,485 1,250,744
Current liabilities
Trade and other payables (162,370) (235,673) (146,797)
Current assets less current
liabilities 929,047 1,074,812 1,103,947
Total assets less current liabilities 7,568,436 6,805,216 7,234,848
Non - current liabilities
Provisions for other liabilities - - -
and charges
7,568,436 6,805,216 7,234,848
Capital and reserves
Called-up share capital 6 2,722,036 2,633,698 2,679,750
Share premium account 18,566,642 16,706,266 17,910,928
Share based payment reserve 224,376 221,699 309,943
Foreign currency translation
reserve 712,512 817,636 554,965
Retained earnings (14,647,974) (13,577,968) (14,212,274)
Issued capital and reserves
attributable to owners of the
parent company 7,577,592 6,801,331 7,243,312
Non-controlling interest (9,156) 3,885 (8,464)
Total equity 7,568,436 6,805,216 7,234,848
EDENVILLE energy PLC
CONSOLIDATED statement of changes in equity
FOR THE SIX MONTHSED 30 JUNE 2018
----------------------------------Equity
Interests--------------------------------
Foreign
Share currency Non-
Share Share Retained option translation Controlling
capital premium Earnings reserve reserve Total interest Total
GBP GBP GBP GBP GBP GBP GBP GBP
Balance at 1
January
2018 2,679,750 17,910,928 (14,212,274) 309,943 554,965 7,243,312 (8,464) 7,234,848
Issue of share
capital 42,286 697,714 - - - 740,000 - 740,000
Share issue costs - (42,000) - - - (42,000) - (42,000)
Share based
payment
charge - - - 23,235 - 23,235 - 23,235
Lapse of share
options - - 108,802 (108,802) - - - -
Foreign currency
translation - - - - 157,547 157,547 (235) 157,312
Loss for the
period - - (544,502) - - (544,502) (457) (544,959)
Balance at 30
June
2018 2,722,036 18,566,642 (14,647,974) 224,376 712,512 7,577,592 (9,156) 7,568,436
Balance at 1
January
2017 2,563,325 14,250,401 (13,026,926) 108,802 1,108,176 5,003,778 4,179 5,007,957
Issue of share
capital 70,373 2,546,751 - - - 2,617,124 - 2,617,124
Share issue costs - (90,886) - - - (90,886) - (90,886)
Share based
payment
charge - - - 112,897 - 112,897 - 112,897
Foreign currency
translation - - - - (290,540) (290,540) - (290,540)
Loss for the
period - - (551,042) - - (551,042) (294) (551,336)
Balance at 30
June
2017 2,633,698 16,706,266 (13,577,968) 221,699 817,636 6,801,331 3,885 6,805,216
Foreign
Share currency Non-
Share Share Retained option translation Controlling
capital premium Earnings reserve reserve Total interest Total
GBP GBP GBP GBP GBP GBP GBP GBP
Balance at 1
January
2017 2,563,325 14,250,401 (13,026,926) 108,802 1,108,176 5,003,778 4,179 5,007,957
Issue of share
capital 116,425 3,869,091 - - - 3,985,516 - 3,985,516
Cost of issue - (162,500) - - - (162,500) - (162,500)
Share
options/warrants
charge - (46,064) - 201,141 - 155,077 - 155,077
Foreign currency
translation - - - - (553,211) (553,211) (9,327) (562,538)
Loss for the year - - (1,185,348) - - (1,185,348) (718) (1,186,066)
Non-controlling
interest
share of
goodwill - - - - - - (2,598) (2,598)
Balance at 31
December
2017 2,679,750 17,910,928 (14,212,274) 309,943 554,965 7,243,312 (8,464) 7,234,848
EDENVILLE ENERGY PLC
consolidated CASH FLOW STATEMENT
FOR THE SIX MONTHSED 30 JUNE 2018
Six months Six months Year
ended ended ended
30 June 30 June 31 Dec
18 17 17
Unaudited Unaudited Audited
GBP GBP GBP
Cash flows from operating activities
Operating loss (545,263) (552,085) (1,186,928)
Impairment of tangible & intangible
non-current assets - - 104,211
Depreciation 104,493 2,345 65,726
Share based payments 23,235 112,897 155,077
(Increase) in inventories (163,184) - -
(Decrease) in trade and other
receivables (81,565) (19,934) (149,109)
Increase in trade and other payables 13,527 108,214 21,905
Foreign exchange gain/(loss) 4,323 (47,607) (142,174)
Net cash used in operating activities (644,434) (396,170) (1,131,292)
Cash flows from investing activities
Purchase of exploration and evaluation
assets (467,553) (263,760) (882,649)
Purchase of property, plant and
equipment - (983,060) (1,104,381)
Finance income 277 748 864
Net cash used in investing activities (467,276) (1,246,072) (1,986,166)
Cash flows from financing activities
Proceeds on issue of shares 740,000 2,617,124 3,985,515
Share issue costs (42,000) (90,886) (162,500)
Net cash generated from financing
activities 698,000 2,526,238 3,823,015
Net decrease in cash and cash
equivalents (413,710) 883,996 705,557
Cash and cash equivalents at beginning
of year 951,078 246,120 246,120
Exchange losses on cash and cash
equivalents 110 (1,326) (599)
Cash and cash equivalents at end
of year 537,478 1,128,790 951,078
EDENVILLE ENERGY PLC
NOTES TO THE INTERIM REPORT
FOR THE SIX MONTHSED 30 JUNE 2018
1. Financial information and basis of preparation
The interim financial statements of Edenville Energy Plc are unaudited consolidated financial statements for the six months ended 30 June 2018 which have been prepared in accordance with IFRSs as adopted by the European Union. They include unaudited comparatives for the six months ended 30 June 2017 together with audited comparatives for the year ended 31 December 2017.
The interim financial statements do not constitute statutory accounts within the meaning of section 434 of the Companies Act 2006. The statutory accounts for the year ended 31 December 2017 have been reported on by the company's auditors and have been filed with the Registrar of Companies. The report of the auditors was (i) unqualified, (ii) contained a "Material uncertainty relating to going concern paragraph and (iii) did not contain any statement under section 498 of the Companies Act 2006.
The interim consolidated financial statements for the six months ended 30 June 2018 have been prepared on the basis of accounting policies expected to be adopted for the year ended 31 December 2018. These are anticipated to be consistent with those set out in the Group's latest financial statements for the year ended 31 December 2017. These accounting policies are drawn up in accordance with adopted International Accounting Standards ("IAS") and International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board and adopted by the EU.
2. Loss per share
The calculation of the basic and diluted loss per share is based on the following data:
30 June 18 30 June 17 31 December
17
GBP GBP GBP
Loss after taxation (544,959) (551,337) (1,186,064)
Weighted average number
of shares in the period 1,412,667,005 997,831,002 1,106,162,059
Basic and diluted loss
per share (pence) (0.04) (0.06) (0.11)
The loss attributable to equity shareholders and weighted average number of ordinary shares for the purposes of calculating diluted earnings per ordinary share are identical to those used for basic earnings per ordinary share. This is because the exercise of share options and warrants would have the effect of reducing the loss per ordinary share and is therefore anti-dilutive.
3. Dividends
No dividends are proposed for the six months ended 30 June 2018 (six months ended 30 June 2017: GBPnil, year ended 31 December 2017: GBPnil).
4. Tangible assets
Plant & Fixtures Motor vehicles
machinery & fittings Total
GBP GBP GBP GBP
Cost or valuation
As at 1 January
2018 1,111,852 7,184 89,709 1,208,745
Additions - - - -
Foreign exchange
adjustment 25,679 70 1,697 27,446
At 30 June 2017 1,137,531 7,254 91,406 1,236,191
Accumulated depreciation
As at 1 January
2018 64,873 6,719 77,570 149,162
Charge for period 102,941 58 1,494 104,493
Foreign exchange
adjustment 5,687 70 1,512 7,269
As at 30 June 2018 173,501 6,847 80,576 260,924
Net book value
As at 30 June 2018 964,030 407 10,830 975,267
Plant & Fixtures Motor vehicles Assets under
machinery & fittings construction Total
GBP GBP GBP GBP GBP
Cost or valuation
As at 1 January
2017 7,471 7,473 96,683 - 111,627
Additions - - - 983,060 983,060
Foreign exchange
adjustment - (168) (4,051) - (4,219)
At 30 June 2017 7,471 7,305 92,632 983,060 1,090,468
Accumulated depreciation
As at 1 January
2017 6,363 6,857 79,185 - 92,405
Charge for period 138 77 2,129 - 2,345
Foreign exchange
adjustment - (168) (3,328) - (3,496)
As at 30 June 2017 6,501 6,766 77,986 - 91,253
Net book value
As at 30 June 2017 970 539 14,646 983,060 999,215
Plant & Fixtures Motor vehicles
machinery & fittings Total
GBP GBP GBP GBP
Cost or valuation
As at 1 January
2017 7,471 7,473 96,683 111,627
Additions 1,104,381 - - 1,104,381
Foreign exchange
adjustment - (289) (6,974) (7,263)
At 31 December 2017 1,111,852 7,184 89,709 1,208,745
Accumulated depreciation
As at 1 January
2017 6,362 6,854 79,189 92,405
Charge for the year 61,358 154 4,214 65,726
Foreign exchange
adjustment (2,847) (289) (5,833) (8,969)
At 31 December 2017 64,873 6,719 77,570 149,162
Net book value
As at 31 December
2017 1,046,979 465 12,139 1,059,583
5. Intangible assets
Development Mineral Goodwill Total
expenditure assets
GBP GBP GBP GBP
Cost or valuation
As at 1 January
2018 4,757,087 - 1,485,965 6,243,052
Additions 452,758 14,795 - 467,553
Foreign exchange
adjustment 117,944 - 34,552 152,496
Transfer (5,327,789) 5,327,789
At 30 June 2018 - 5,342,584 1,520,517 6,863,101
Accumulated amortisation
and impairment
As at 1 January
2018 - - 1,171,734 1,171,734
Foreign exchange
adjustment - - 27,245 27,245
As at 30 June
2018 - - 1,198,979 1,198,979
Net book value
As at 30 June
2018 - 5,342,584 321,538 5,664,122
On completion of development all assets under development expenditure are transferred to Mineral assets and depreciation commences
Exploration
and evaluation
assets
Tanzanian Development
Licences expenditure Goodwill Total
GBP GBP GBP
As at 1 January 2017 4,358,669 - 1,641,351 6,000,020
Additions 263,760 - - 263,760
Foreign exchange
adjustment (220,753) - (83,129) (303,882)
At 30 June 2017 4,401,676 - 1,558,222 5,969,898
Accumulated amortisation
and impairment
As at 1 January 2017 - - 1,294,259 1,294,259
Foreign exchange
adjustment - - (65,550) (65,550)
As at 30 June 2017 - - 1,228,709 1,228,709
Net book value
As at 30 June 2017 4,401,676 - 329,513 4,731,189
Cost or valuation
As at 1 January 2017 4,358,669 - 1,641,351 6,000,020
Additions 882,649 - - 882,649
Foreign exchange
adjustment (380,020) - (143,106) (523,126)
Written Off (104,211) - - (104,211)
Change in minority
interest - - (12,280) (12,280)
Transfer to development
expenditure (4,757,087) 4,757,087 - -
At 31 December 2017 - 4,757,087 1,485,965 6,243,052
Accumulated amortisation
and impairment
As at 1 January 2017 - - 1,294,260 1,294,260
Charge for the year - - - -
Change in minority
interest - - (9,683) (9,683)
Foreign exchange
adjustment - - (112,843) (112,843)
At 31 December 2017 - - 1,171,734 1,171,734
Net book value
As at 31 December
2017 - 4,757,087 314,231 5,071,318
The outcome of ongoing exploration and evaluation, and therefore whether the carrying value of exploration and evaluation assets will ultimately be recovered, is inherently uncertain. The directors have assessed the value of exploration and evaluation expenditure carried as intangible assets. In their opinion there has been no impairment loss to intangible exploration and evaluation assets in the period.
6. Share capital
No GBP No GBP GBP
Ordinary Ordinary Deferred Deferred Total
shares of shares of shares of shares of share
0.02p each 0.02p each 0.001p each 0.001p each capital
Issued and fully paid
At 1 January 2018 1,336,317,797 267,265 241,248,512,346 2,412,485 2,679,750
On 3 May 2018 the Company
issued 211,428,572 shares
at 0.35p each 211,428,572 42,286 - - 42,286
As at 30 June 2018 1,547,746,369 309,551 241,248,512,346 2,412,485 2,722,036
No GBP No GBP GBP
Ordinary Ordinary Deferred Deferred Total
shares of shares of shares of shares of share
0.02p each 0.02p each 0.0001p each 0.0001p capital
each
Issued and fully paid
At 1 January 2017 754,202,898 150,840 241,248,512,346 2,412,485 2,563,325
On 26 January 2017 the
Company issued 963,855
new ordinary shares of
0.02p each for a consideration
of 0.83p per share in
lieu of consultancy fees. 963,855 193 - - 193
On 26 January 2017 the
Company issued 1,948,051
new ordinary shares of
0.02p each for a consideration
of 0.77p per share in
lieu of consultancy fees. 1,948,051 390 - - 390
On 26 January 2017 the
Company issued 1,375,000
new ordinary shares of
0.02p each for a consideration
of 0.80p per share, on
exercise of warrants. 1,375,000 275 - - 275
On 26 January 2017 the
Company issued 34,699,778
new ordinary shares of
0.02p each for a consideration
of 0.54p per share, on
exercise of warrants. 34,699,778 6,940 - - 6,940
On 26 January 2017 the
Company issued 5,555,555
new ordinary shares of
0.02p each for a consideration
of 0.60p per share, on
exercise of warrants. 5,555,555 1,111 - - 1,111
On 31 January 2017 the
Company issued 3,304,167
new ordinary shares of
0.02p each for a consideration
of 0.80p per share, on
exercise of warrants. 3,304,167 661 - - 661
On 6 February 2017 the
Company issued 612,500
new ordinary shares of
0.02p each for a consideration
of 0.80p per share, on
exercise of warrants. 612,500 123 - - 123
On 13 February 2017 the
Company issued 6,625,002
new ordinary shares of
0.02p each for a consideration
of 0.8 0p per share,
on exercise of warrants. 6,625,002 1,325 - - 1,325
On 13 February 2017 the
Company issued 14,999,780
new ordinary shares of
0.02p each for a consideration
of 0.60p per share, on
exercise of warrants. 14,999,780 3,000 - - 3,000
On 23 February 2017 the
Company issued 250,000,000
new ordinary shares of
0.02p each for a consideration
of 0.80p per share, together
with 125,000,000 warrants
at an exercise price
of 1.08p per warrant,
on exercise of warrants. 250,000,000 50,000 50,000
On 17 March 2017 the
Company issued 10,000,000
new ordinary shares of
0.02p each for a consideration
of 0.60p per share. 10,000,000 2,000 2,000
On 29 March 2017 the
Company issued 2,777,778
new ordinary shares of
0.02p each for a consideration
of 0.60p per share. 2,777,778 556 556
On 16 June 2017 the Company
issued 14,722,442 new
ordinary shares of 0.02p
each for a consideration
of 0.60p per share. 14,722,442 2,944 2,944
On 23 June 2017 the Company
issued 4,273,505 new
ordinary shares of 0.02p
each for a consideration
of 0.60p per share. 4,273,505 855 855
As at 30 June 2017 1,106,060,311 221,213 241,248,512,346 2,412,485 2,633,698
No GBP No GBP GBP
Ordinary Ordinary Deferred Deferred Total
shares of shares shares of shares share
0.02p each of 0.02p 0.001p each of 0.001p capital
each each
Issued and fully paid
At 1 January 2017 754,202,898 150,840 241,248,512,346 2,412,485 2,563,325
On 26 January 2017 the
company issued the following
ordinary shares
Ordinary shares issued
at 0.83p in lieu of consultancy
services 963,855 193
Ordinary shares issued
at 0.77p in lieu of consultancy
services 1,948,051 390
Ordinary shares issued
on exercise of warrants
at 0.80p 1,375,000 275
Ordinary shares issued
on exercise of warrants
at 0.60p 5,555,555 1,111
Ordinary shares issued
on exercise of warrants
at 0.54p 34,699,778 6,940
On 31 January 2017 Ordinary
shares issued on exercise
of warrants at 0.80p 3,304,167 661
On 6 February 2017Ordinary
shares issued on exercise
of warrants at 0.80p 612,500 122
On 7 February 2017 Ordinary
shares issued on exercise
of warrants at 0.80p 6,625,002 1,325
On 7 February 2017 Ordinary
shares issued on exercise
of warrants at 0.60p 14,999,780 3,000
On 23 February 2017 the
company issued shares at
0.80p each 22,781,732 4,557
On 17 March 2017 the company
issued shares at 0.80p
each 227,218,268 45,443
20 March 2017 Ordinary
shares issued on exercise
of warrants at 0.60p 10,000,000 2,000
29 March 2017 Ordinary
shares issued on exercise
of warrants at 0.60p 2,777,778 556
On 16 June 2017 Ordinary
shares issued on exercise
of warrants at 0.60p 14,722,442 2,945
On 23 June 2017 Ordinary
shares issued on exercise
of warrants at 0.54p 4,273,505 855
On 26 September 2017 Ordinary
shares issued on exercise
of warrants at 0.54p 21,924,153 4,385
On 9 October 2017 Ordinary
shares issued on exercise
of warrants at 0.60p 208,333,333 41,667
As at 31 December 2017 1,336,317,797 267,265 241,248,512,346 2,412,485 2,563,325
7. Distribution on interim report to shareholders
The interim report will be available for inspection by the public at the registered office of the company during normal business hours on any weekday and from the Company's website http://www.edenville-energy.com/. Further copies are available on request.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
IR LJMPTMBATMJP
(END) Dow Jones Newswires
September 24, 2018 02:00 ET (06:00 GMT)
1 Year Edenville Energy Chart |
1 Month Edenville Energy Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
