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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Prospex Oil And Gas Plc | LSE:PXOG | London | Ordinary Share | GB00BMFZVZ53 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.525 | 1.30 | 1.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPXEN
RNS Number : 9241P
Prospex Energy PLC
15 February 2023
Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas
15 February 2023
Prospex Energy PLC
('Prospex' or the 'Company')
Conversion of Loan Notes and TVR
Prospex Energy PLC, the AIM-quoted investment company focused on European gas and power projects, announces that it has received notices to convert an aggregate of GBP104,783.91 in three convertible loan notes in exchange for the issue of 2,465,506 new ordinary shares of 0.1p each in the Company ("Ordinary Shares").
The abovementioned convertible loan notes were issued in July 2022 and are convertible at 4.25p per share pursuant to a Convertible Loan Note Deed dated 18 July 2022.
Admission to Trading and Total Voting Rights
The Company has applied to the London Stock Exchange for the admission of 2,465,506 new Ordinary Shares to trading on AIM ('Admission') as a result of the above conversion. Admission is expected to occur on or around 20 February 2023. There are currently 281,641,934 Ordinary Shares in issue. Following Admission there will be a total of 284,107,440 Ordinary Shares in issue. This will be the number of Ordinary Shares that may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in or a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR") and is disclosed in accordance with the Company's obligations under Article 17 of MAR.
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For further information visit www.prospex.energy or contact the following:
Mark Routh Prospex Energy PLC Tel: +44 (0) 20 7236 1177 Ritchie Balmer Strand Hanson Limited Tel: +44 (0) 20 Rory Murphy 7409 3494 Andrew Monk (Corporate Broking) VSA Capital Limited Tel: +44 (0) 20 Andrew Raca/Alex Cabral (Corporate 3005 5000 Finance) Colin Rowbury Novum Securities Tel: +44 (0) 20 Jon Belliss Limited 7399 9427 Susie Geliher St Brides Partners Tel: +44 (0) 20 Ana Ribeiro Limited 7236 1177
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(END) Dow Jones Newswires
February 15, 2023 02:00 ET (07:00 GMT)
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