PROVIDENCE RES. Exercise Of Warrants

 
TIDMPVR 
 
 
   Providence Resources P.l.c. 
 
   Exercise of Warrants 
 
   Dublin and London -- 4 May 2021 - Providence Resources P.l.c. (PVR LN, 
PRP ID), the Irish based resource development company ("Providence" or 
the "Company"), announces that 16,312,108 warrants of 3p each have been 
exercised raising GBP489,363.24 for the Company. The warrants were 
issued as part of the fundraising in May 2020. The non-executive 
Chairman of Providence Resources Plc, Pat Plunkett has exercised one 
million warrants which are included in the figure. Providence Resources 
has issued a total of 16,312,108 new Ordinary Shares (the "New Ordinary 
Shares") to the warrant holders. 
 
   Application will be made to the London Stock Exchange and Euronext 
Dublin for the New Ordinary Shares to be admitted to trading on AIM and 
Euronext Growth. It is expected that admission to trading on each 
exchange ("Admission") will become effective and that dealings in the 
New Ordinary Shares will commence on AIM and Euronext Growth at 8.00 
a.m. on 11 May 2021. 
 
   The New Ordinary Shares will be issued and credited as fully paid and 
will rank in full for all dividends and other distributions declared, 
made or paid after the admission of those Ordinary Shares and will 
otherwise rank on Admission pari passu in all respects with each other 
and with the existing Ordinary Shares in the Company. The total issued 
share capital of the Company, as increased by the New Ordinary Shares, 
will be 951,846,511 Ordinary Shares. 
 
   Pat Plunkett, the non-executive Chairman of Providence Resources Plc and 
a Person Discharging Managerial Responsibilities has exercised 1,000,000 
warrants. After the exercise of the warrants, Pat's shareholding in the 
Company is 3,750,000 representing 0.394% of the issued share capital. 
 
   In May 2020, there were 177,973,400 GBP0.03 and GBP0.09 warrants issued 
as part of the fundraising. To date there have been 110,332,847 GBP0.03 
warrants converted in shares raising an additional GBP3,309,985.40. 
There are still 67,640,553 GBP0.03 warrants outstanding which will 
expire on the 6(th) May 2021. 
 
   INVESTOR ENQUIRIES 
 
   Providence Resources P.l.c.        Tel: [phone] 
 
   Alan S Linn, 
 
   Chief Executive Officer 
 
   Joe Langbroek 
 
   Investor Relations 
 
   J&E Davy                                   Tel: [phone] 
 
   Anthony Farrell 
 
   Murray Consultants                      Tel: [phone] 
 
   Joe Heron 
 
 
 
 

(END) Dow Jones Newswires

May 04, 2021 10:10 ET (14:10 GMT)

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