Europa Oil & Gas (Holdings) Plc Result of Open Offer

 
TIDMEOG 
 
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR 
INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, THE 
REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD 
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT 
JURISDICTION. THIS ANNOUNCEMENT SHOULD BE READ IN ITS ENTIRETY. 
 
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN 
OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE FOR OR 
OTHERWISE ACQUIRE ANY NEW ORDINARY SHARES OF EUROPA OIL & GAS (HOLDINGS) PLC. 
 
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN ARTICLE 7 OF THE 
MARKET ABUSE REGULATION NO. 596/2014 ("MAR"). UPON THE PUBLICATION OF THIS 
ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC 
DOMAIN. 
 
 Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas 
 
7 December 2018 
 
                        Europa Oil & Gas (Holdings) plc 
 
                          ("Europa" or the "Company") 
 
                             Result of Open Offer 
 
Europa Oil & Gas (Holdings) plc, the AIM quoted UK and Ireland-focussed oil and 
gas exploration and production company, announced on 20 November 2018 that it 
had raised GBP4.0 million by the issue of 133,333,338 New Ordinary Shares 
pursuant to the Placing at an issue price of 3 pence per New Ordinary Share. 
Furthermore, Europa proposed to raise up to a further GBP1.0 million by the issue 
of up to a further 33,487,597 New Ordinary Shares pursuant to an Open Offer, 
also at an issue price of 3 pence per New Ordinary Share. 
 
The Open Offer closed for acceptances at 11.00 a.m. on 6 December 2018. The 
Company is pleased to announce that it has received valid acceptances from 
Qualifying Shareholders in respect of 9,969,882 Open Offer Shares, including 
applications for 3,863,166 Open Offer Shares under the Excess Application 
Facility. This represents 29.77 per cent. of the maximum Open Offer Shares 
available under the Open Offer.  Consequently: 
 
 1. Qualifying Shareholders who have validly applied for Open Offer Shares will 
    receive their full Basic Entitlement and any Ordinary Shares they applied 
    for under the Excess Entitlement facility; 
 
 2. the Company will have raised gross proceeds of approximately GBP0.3 million 
    through the Open Offer, and the admission of the 9,969,882 Open Offer 
    Shares will become effective at 8.00 a.m. on 10 December 2018; and 
 
 3. Open Offer Shares (in uncertificated form) will be credited to CREST 
    accounts on 10 December 2018 and definitive share certificates for the Open 
    Offer Shares (in certificated form) will be dispatched to certificated 
    shareholders in the week commencing 10 December 2018. 
 
    Enquiries: 
 
    For further information please visit www.europaoil.com or contact: 
 
Hugh Mackay           Europa                          + 44 (0) 20 7224 3770 
 
Phil Greenhalgh       Europa                          + 44 (0) 20 7224 3770 
 
Matt Goode            finnCap Ltd                     [phone] 
 
Simon Hicks           finnCap Ltd                     [phone] 
 
Frank Buhagiar        St Brides Partners Ltd          [phone] 
 
Susie Geliher         St Brides Partners Ltd          [phone] 
 
Unless otherwise defined herein, capitalised terms used in this announcement 
shall have the same meanings as defined in the circular sent to shareholders of 
the Company on 20 November 2018. 
 
Notes 
 
Europa Oil & Gas (Holdings) plc has a diversified portfolio of multi-stage 
hydrocarbon assets that includes production, exploration and development 
interests, in countries that are politically stable, have transparent licensing 
processes, and offer attractive terms. During the 12 months to 31 July 2018, 94 
boepd were recovered from three fields. Its highly prospective exploration 
projects include six licences offshore Ireland with the potential to host gross 
mean un-risked prospective resources of 6.4 billion barrels oil equivalent and 
2.5 tcf undiscovered GIIP across all six licences. 
 
 
 
END 
 

(END) Dow Jones Newswires

December 07, 2018 02:00 ET (07:00 GMT)