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I3E I3 Energy Plc

12.90
0.72 (5.91%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
I3 Energy Plc LSE:I3E London Ordinary Share GB00BDHXPJ60 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.72 5.91% 12.90 12.86 12.98 12.86 12.26 12.48 2,582,073 16:35:08
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 208.44M 41.95M 0.0349 3.68 154.56M

i3 Energy PLC Loan Conversion (4515I)

21/03/2018 11:17am

UK Regulatory


I3 Energy (LSE:I3E)
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From Apr 2019 to Apr 2024

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TIDMI3E

RNS Number : 4515I

i3 Energy PLC

21 March 2018

i3 Energy plc

("i3" or the "Company")

Loan Conversion

The Company announces that on 20 March 2018, in relation to the Loan Note Agreement as announced on 6 February 2018, it received notice of exercise from James Caird Asset Management ("JCAM") to convert part of the loan with an aggregate par value of US$500,000, into shares. Following this conversion, the value outstanding on the Loan will be US$1,500,000.

i3 Energy has therefore today allotted 925,926 ordinary shares to JCAM which will rank pari passu in all respects with the existing ordinary shares.

Application will be made for these new ordinary shares to be admitted to trading on AIM and it is anticipated that trading in such shares will commence on or around 27 March 2018.

Following Admission, the Company's enlarged issued share capital will comprise 36,697,324 ordinary shares. The Company does not hold any shares in treasury. The total voting rights in the Company is therefore 36,697,324 ordinary shares and this figure may be used by Shareholders in the Company 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.

CONTACT DETAILS:

 
  i3 Energy plc 
  Neill Carson (CEO) / Graham       c/o Camarco 
   Heath (CFO)                       Tel: +44 (0) 
                                     203 757 4980 
  WH Ireland Limited (Nomad 
   and Joint Broker) 
  James Joyce, James Sinclair-Ford  Tel: +44 (0) 
                                     207 220 1666 
  GMP FirstEnergy (Joint Broker) 
  Jonathan Wright, David van        Tel: +44 (0) 
   Erp                               207 448 0200 
  Camarco 
  Georgia Edmonds, Jane Glover,     Tel: +44 (0) 
   James Crothers                    203 757 4980 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCPGUAGWUPRGGG

(END) Dow Jones Newswires

March 21, 2018 07:17 ET (11:17 GMT)

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