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Share Name Share Symbol Market Type Share ISIN Share Description
Providence Resources Plc LSE:PVR London Ordinary Share IE00B66B5T26 ORD EUR0.001 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.05 -1.23% 4.00 3.80 4.00 4.05 3.90 4.05 33,000 16:35:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -9.2 -1.2 - 39

PROVIDENCE RES. Exercise Of Warrants

07/05/2021 7:00am

UK Regulatory (RNS & others)


 
TIDMPVR 
 
 
   Providence Resources P.l.c. 
 
   Exercise of Warrants 
 
   Dublin and London -- 7 May 2021 - Providence Resources P.l.c. (PVR LN, 
PRP ID), the Irish based resource development company ("Providence" or 
the "Company"), announces that 23,017,892 warrants of 3p each have been 
exercised raising GBP690,536.76 for the Company. The warrants were 
issued as part of the fundraising in May 2020. Providence Resources has 
issued a total of 23,017,892 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 13 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 974,864,403 Ordinary Shares. 
 
   In May 2020, there were 177,973,400 GBP0.03 and 177,973,400 GBP0.09 
warrants issued as part of the fundraising. To date there have been 
133,350,343 of GBP0.03 warrants converted in shares raising an 
additional GBP4,000,510.29. This represents a conversion ratio of 
74.93%. There were 44,622,661 GBP0.03 warrants outstanding which expired 
at the close of business on the 6(th) May 2021.  The GBP0.09 warrants 
will expire on 6(th) May 2022. 
 
   Providence CEO Alan Linn commented "We are delighted to have received 
the ongoing support of the warrant holders and believe it reflects and 
highlights the underlying strength of the Barryroe asset." 
 
   INVESTOR ENQUIRIES 
 
   Providence Resources P.l.c.        Tel: +353 1 219 4074 
 
   Alan S Linn, 
 
   Chief Executive Officer 
 
   Joe Langbroek 
 
   Investor Relations 
 
   J&E Davy                                      Tel: +353 1 679 6363 
 
   Anthony Farrell 
 
   Murray Consultants                      Tel: +353 1 498 0300 
 
   Joe Heron 
 
 
 
 
 
 

(END) Dow Jones Newswires

May 07, 2021 02:00 ET (06:00 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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