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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mast Energy Developments Plc | LSE:MAST | London | Ordinary Share | GB00BMBSCV12 | ORD GBP0.001 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.085 | -28.33% | 0.215 | 0.20 | 0.23 | 0.275 | 0.21 | 0.225 | 21,860,761 | 16:22:47 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Electric Services | 1.04M | -2.73M | -0.0104 | -0.20 | 554.09k |
TIDMMAST
RNS Number : 3873A
Mast Energy Developments PLC
23 May 2023
Mast Energy Developments PLC
(Incorporated in England and Wales)
(Registration Number: 12886458)
Share code on the LSE: MAST
ISIN: GB00BMBSCV12
('MED' or 'the Company')
Dated: 23 May 2023
Mast Energy Developments PLC ('MED' or 'the Company')
Shares issue
Mast Energy Developments PLC, the UK-based multi-asset owner, developer, and operator in the rapidly growing flexible power market has today allotted 3,088,024 new MED shares of GBP0.001 each (the "Conversion Shares") following receipt of a conversion notice from the institutional lender group under the terms of the recent reprofiling agreement (the "Reprofiling Agreement") on the balance of its outstanding loan facilities announced on its RNS of 18 May 2023.
The shares are being issued in respect of GBP22,408.86 in principal payment at an exercise price of GBP0.0072567 per Conversion Share in accordance with the terms of the Reprofiling Agreement.
Application will be made for the Conversion Shares to be admitted to the Standard List segment of the Official List and to trading on the main market of the London Stock Exchange plc ("Admission"). It is expected that Admission will become effective and dealings in the Fee Shares will commence at 8.00am on, or around, 30 May 2023.
Following Admission, the total issued share capital of the Company will consist of 232,207,643 ordinary shares in issue and this figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
ENDS
This announcement contains inside information for the purposes of the UK version of the Market Abuse Regulation (EU No. 596/2014) as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 ('UK MAR'). Upon the publication of this announcement, this inside information is now considered to be in the public domain.
For further information please visit www.med.energy or contact:
Pieter Krügel Info@med.energy Mast Energy CEO Developments PLC Jon Belliss +44 (0)20 7399 9425 Novum Securities Corporate Broker ------------------------------ -------------------- ----------------- Zainab Slemang zainab@lifacommunications.com Lifa Communications Investor & van Rijmenant Media Relations Advisor ------------------------------ -------------------- -----------------
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END
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(END) Dow Jones Newswires
May 23, 2023 09:30 ET (13:30 GMT)
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