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I3E I3 Energy Plc

12.54
-0.12 (-0.95%)
24 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
  -0.12 -0.95% 12.54 12.54 12.68 12.90 12.46 12.64 2,234,718 16:29:54
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 208.44M 41.95M 0.0349 3.59 150.72M

i3 Energy PLC Loan Conversion (2672P)

25/05/2018 7:00am

UK Regulatory


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

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TIDMI3E

RNS Number : 2672P

i3 Energy PLC

25 May 2018

25 May 2018

i3 Energy plc

("i3" or the "Company")

Loan Conversion

The Company announces that on 25 May 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$1,000,000.

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 has been 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 1 June 2018.

Following Admission, the Company's enlarged issued share capital will comprise 37,623,250 ordinary shares. The Company does not hold any shares in treasury. The total voting rights in the Company is therefore 37,623,250 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 Heath      c/o Camarco 
   (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 Erp         Tel: +44 (0) 207 448 
                                          0200 
  Camarco 
  Georgia Edmonds, Jane Glover, James    Tel: +44 (0) 203 757 
   Crothers                               4980 
 

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

MSCPGUGUAUPRPPC

(END) Dow Jones Newswires

May 25, 2018 02:00 ET (06:00 GMT)

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