ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

EME Empyrean Energy Plc

0.55
-0.025 (-4.35%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Empyrean Energy Plc LSE:EME London Ordinary Share GB00B09G2351 ORD 0.2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.025 -4.35% 0.55 0.45 0.65 0.49 0.49 0.49 657,094 16:35:10
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs 0 -20.8M -0.0211 -0.23 4.83M

Empyrean Energy PLC Empyrean completes GBP640,500 Placement (7262Y)

11/09/2020 7:15am

UK Regulatory


Empyrean Energy (LSE:EME)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Empyrean Energy Charts.

TIDMEME

RNS Number : 7262Y

Empyrean Energy PLC

11 September 2020

This announcement contains inside information

Empyrean Energy PLC / Index: AIM / Epic: EME / Sector: Oil & Gas

11 September 2020

Empyrean Energy PLC ("Empyrean" or the "Company")

Empyrean completes GBP 640,500 Placement

Empyrean Energy plc ("Empyrean" or the "Company"), the oil and gas development company with interests in China, Indonesia and the United States, advises that it has placed 14,233,334 new ordinary shares in the Company (the "New Ordinary Shares") at a price of 4.5p per New Ordinary Share (the "Placing Price") to raise GBP 640,500 (before costs) ("the Placing"). Subscribers to the Placing will also receive 1 warrant exercisable at 9p each for every New Ordinary Share (the "Warrants"). The Warrants have a 2 year term from the date of issue. The Placing is being completed under the Company's existing authorities and is not subject to the approval of shareholders.

Following the Placing, and the issue of shares to Long State Investment Limited ("Long State") as detailed in the earlier announcement today, the Company's enlarged issued share capital will comprise 489,430,615 ordinary shares of 0.2p each (the "Shares"), each with voting rights. This figure may be used by shareholders 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 in, securities of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

The Placing Price represents a 7.2% discount to the price of the Company's Shares as at close of business on 10 September 2020 (4.85p).

Of the total raised under the Placing, Empyrean placed 12,333,334 New Ordinary Shares through First Equity Limited, who acted as lead broker to the raising, 1,500,000 New Ordinary Shares to an existing shareholder and 400,000 New Ordinary Shares to non-executive director of the Company, John (Spencer) Laycock.

Following his participation in the Placing, John (Spencer) Laycock has an interest in 3,600,000 Shares, representing 0.74% of the enlarged issued share capital of the Company.

Total funds raised under this Placing and the placing to Long State are GBP 840,500 (before costs). These funds will be used to meet any project payment requirements on the Company's portfolio of assets and for its general working capital requirements.

Application will be made for the New Ordinary Shares to be admitted to trading on AIM. Admission is expected to take place on 25 September 2020. The New Ordinary Shares will rank pari passu with existing Shares in issue.

Tom Kelly, CEO of Empyrean, commented on the Placing:

"Together with the placement to Long State, this placing provides the necessary working capital and time for Empyrean to progress several strategic project and funding alternatives and position itself in preparation for the advancement of its project portfolio in the near term."

**ENDS**

For further information:

 
 Empyrean Energy plc 
 Tom Kelly               Tel: +61 8 9380 9920 
 
 
 Cenkos Securities plc 
 Neil McDonald           Tel: +44 (0) 131 220 9771 
 Pete Lynch              Tel: +44 (0) 131 220 9772 
 
 
 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                          John Laycock 
     -----------------------------  ----------------------------------------- 
 2    Reason for the Notification 
     ------------------------------------------------------------------------ 
 a)   Position/Status:               Non-Executive Director 
     -----------------------------  ----------------------------------------- 
 b)   Initial notification/          Initial Notification 
       Amendment: 
     -----------------------------  ----------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------ 
 a)   Name:                          Empyrean Energy Plc 
     -----------------------------  ----------------------------------------- 
 b)   LEI:                           213800ZRH1WBHEWDFA57 
     -----------------------------  ----------------------------------------- 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ------------------------------------------------------------------------ 
 a)   Description of the financial   Ordinary shares of 0.2p each 
       instrument, type of            GB00B09G2351 
       instrument: 
       Identification code: 
     -----------------------------  ----------------------------------------- 
 b)   Nature of the transaction:     Issue of 400,000 New Ordinary Shares 
                                      and warrants to subscribe for 400,000 
                                      Shares at 9p per Share, with a two-year 
                                      term. 
     -----------------------------  ----------------------------------------- 
 c)   Price(s) and Volume(s):        Shares 
                                      Price Volume 
                                      4.5p 400,000 
                                      Options Exercise Price(s)    Volume(s) 
                                       GBP0.09              400,000 
                                                           ---------- 
     -----------------------------  ----------------------------------------- 
 d)   Aggregated Information:        N/A (Single transaction) 
       - Aggregated Volume 
       - Price 
     -----------------------------  ----------------------------------------- 
 e)   Date of the Transaction:       11 September 2020 
     -----------------------------  ----------------------------------------- 
 f)   Place of the Transaction:      London Stock Exchange, AIM (LON:EME) 
     -----------------------------  ----------------------------------------- 
 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

IOEGSGDCRDBDGGB

(END) Dow Jones Newswires

September 11, 2020 02:15 ET (06:15 GMT)

1 Year Empyrean Energy Chart

1 Year Empyrean Energy Chart

1 Month Empyrean Energy Chart

1 Month Empyrean Energy Chart

Your Recent History

Delayed Upgrade Clock