Empyrean Energy PLC Exercise of 12p Warrants (3698S)

TIDMEME

RNS Number : 3698S

Empyrean Energy PLC

15 November 2021

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

Empyrean Energy plc

Exercise of 12p Warrants

15 November 2021

Empyrean Energy ("Empyrean" or the "Company"), the oil and gas development company with interests in China, Indonesia and the United States, advises that it has received further notices to exercise warrants (exercise price 12p per Warrant) over a total of 333,333 Ordinary Shares (the "Warrant Shares"), for which funds of GBP 40,000 have been received by the Company.

Application will be made for the admission of the Warrant Shares to trading on AIM ("Admission"). Admission is expected to take place on 19 November 2021. The Warrant Shares will rank pari passu with the existing ordinary shares on issue.

The Company will also issue 333,333 replacement incentive warrants expiring 22 October 2022 with an exercise price of 12p and 333,333 bonus warrants expiring 22 July 2023 with an exercise price of 18p, in accordance with the terms of the warrants being exercised, as detailed in the announcements on 9 July 2021 and 21 October 2021.

Following Admission, the Company's enlarged issued share capital will comprise 576,937,446 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.

-ENDS-

For further information please contact the following:

 
   Empyrean Energy plc 
    Tom Kelly                          Tel: [phone] 
 
 
    Cenkos Securities plc (Nominated 
     Advisor and Broker) 
    Neil McDonald                      Tel: [phone] 
    Pete Lynch                         Tel: [phone] 
   First Equity Limited (Joint 
     Broker) 
    Jason Robertson                         Tel: [phone] 
 
 
 

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 [e-mail] 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

IOEFFLSWIEFSEEF

(END) Dow Jones Newswires

November 15, 2021 02:25 ET (07:25 GMT)