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PTR Petroneft Resources Plc

0.085
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Petroneft Resources Plc LSE:PTR London Ordinary Share IE00B0Q82B24 ORD EUR0.01 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.085 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Petroneft Resources PLC Conversion of Debt (3696J)

23/08/2021 8:00am

UK Regulatory


Petroneft Resources (LSE:PTR)
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From Mar 2021 to Mar 2024

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TIDMPTR

RNS Number : 3696J

Petroneft Resources PLC

23 August 2021

August 23(rd) 2021

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

PetroNeft Resources plc

("PetroNeft" or the "Group" or the "Company")

Conversion of debt

PetroNeft (AIM: PTR) an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 90% owner and operator of Licence 67 and 50% owner and operator of Licence 61, announces that it has received notice to convert a total of $293,125 of debt, issued under 3 historic convertible loan agreements, for the issuance of 11,475,840 new Ordinary shares.

The conversion of this debt to shares will result in the outstanding convertible debt being reduced from $3.044 million to $2.750 million and an increase in the total number of issued shares in the Company from 1,045,235,387 to 1,056,711,227. The conversion price of the shares being issued was at a premium to the share price on the dates that the terms of the loan agreements were agreed.

Application will be made to the London Stock Exchange and Euronext Dublin for the 11,475,840 PetroNeft ordinary shares to be admitted to trading on AIM and Euronext Growth. It is expected that admission to trading on each exchange will become effective and that dealings in the New Ordinary Shares will commence on AIM and Euronext Growth at 8.00 a.m. on 26(th) August 2021.

For further information, contact:

 
                                                         +44 7903 869 
  David Sturt, CEO, PetroNeft Resources plc                       608 
                                                           +353 1 679 
  John Frain/Ciara O'Mongain, Davy (NOMAD and Broker)            6363 
                                                        ------------- 
                                                           +353 1 498 
  Joe Heron / Douglas Keatinge, Murray Consultants               0300 
                                                        ------------- 
 

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.

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

CONGZGZRKGRGMZM

(END) Dow Jones Newswires

August 23, 2021 03:00 ET (07:00 GMT)

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