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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Reabold Resources Plc | LSE:RBD | London | Ordinary Share | GB00B95L0551 | 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% | 0.0825 | 0.08 | 0.085 | 0.0825 | 0.0825 | 0.0825 | 18,153,655 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Mgmt Invt Offices, Open-end | 560k | -45k | 0.0000 | N/A | 7.9M |
TIDMRBD
RNS Number : 1619I
Reabold Resources PLC
19 March 2018
Reabold Resources plc ("Reabold" or the "Company")
Result of General Meeting
Issue of Equity
Total Voting Rights
Reabold, the AIM-listed strategic investor in pre-cash flow upstream oil and gas projects, is pleased to announce that at the general meeting ("GM") held earlier today, all resolutions were passed.
Accordingly, authorities have been granted to the directors to allot new ordinary shares up to an aggregate nominal amount of GBP1,305,083 on a non pre-emptive basis.
On 28 February 2018, the Company announced a proposed subscription for a total of 1,305,083,333 new ordinary shares of 0.1 pence each (the "Ordinary Shares") in the capital of the Company (the "Placing Shares") at a price of 0.6 pence per Placing Share (the "Placing Price") to raise, in aggregate, GBP7.83 million (before expenses) (the "Placing") conditional on Shareholder approval being given at the GM.
Following the default of a Placee, as a result of being placed in insolvency, the final number of Ordinary Shares subscribed for under the placing is 1,291,750,000 (the " Final Placing Shares") at the Placing Price thereby raising GBP7.75 million (before expenses)
Further to Shareholder approval being given today, the Final Placing Shares, will be issued and will rank pari passu in all respects with the existing Ordinary Shares, including the right to receive all dividends and other distributions declared, made or paid after the date of issue.
Application has been made for the Final Placing Shares to be admitted to trading on the AIM market ("AIM") of London Stock Exchange plc (the "London Stock Exchange"), ("Admission"), and Admission is expected to take place on or around 20 March 2018.
Settlement for the Final Placing Shares, and Admission is expected to take place on or before 8.00 a.m. on 20 March 2018.
Total Voting Rights
Following the issue of the 1,291,750,000 Final Placing Shares, the issued share capital of the Company consists of 2,832,165,896 Ordinary Shares of 0.01 pence each with voting rights. No Ordinary Shares are held in Treasury.
The above figure of 2,832,165,896 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 Disclosure Guidance and Transparency Rules.
Enquiries:
Reabold Resources Sachin Oza C/o Camarco plc Stephen Williams Tel: 020 3757 4980 Anthony Samaha Beaumont Cornish Roland Cornish Tel: 020 7628 3396 Limited Felicity Geidt Whitman Howard Nick Lovering Tel: 020 7659 1234 Limited Grant Barker Turner Pope Investments Andy Thacker Tel: 020 3621 4120 (TPI) Ltd - Joint Broker Camarco Billy Clegg Tel: 020 3757 4980 James Crothers Oliver Head
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
March 19, 2018 09:13 ET (13:13 GMT)
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