Petroneft Resources PLC Share Issue (3424M)

TIDMPTR

RNS Number : 3424M

Petroneft Resources PLC

11 May 2020

PetroNeft Resources plc

11(th) May 2020

PetroNeft Resources plc

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

Share Issue

PetroNeft has settled outstanding liabilities owed to Dennis Francis totalling $200,000 through the issue of 10,471,204 new ordinary shares.

Resultant holdings of Mr Francis:

 
                 Ordinary Shares  Share Issue    Resulting holding      % of Issued 
                      held prior                of Ordinary Shares   Share Capital* 
                  to Share Issue 
Dennis Francis        36,361,620   10,471,204      46,832,824                 5.58% 
 

*This percentage shareholding is based on a total shares now in issue figure of 839,357,061 ordinary shares.

The Company will apply for admission of the Shares to be traded on the AIM and Euronext Growth markets. It is expected that Admission will take place and that trading will commence on or around 14(th) May 2020.

For further information, contact:

 
                                                      [phone] 
 David Sturt, CEO, PetroNeft Resources plc             808 
                                                      +353 1 679 
 John Frain/Brian Garrahy, Davy (NOMAD and Broker)     6363 
                                                      +353 1 498 
 Joe Heron / Douglas Keatinge, Murray Consultants      0300 
 

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May 11, 2020 02:00 ET (06:00 GMT)