We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Solo Oil Plc | LSE:SOLO | London | Ordinary Share | GB00BF1BK408 | ORD 0.20P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.85 | 1.80 | 1.90 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSCIR
RNS Number : 6583X
Scirocco Energy PLC
05 May 2021
5 May 2021
Scirocco Energy plc
("Scirocco" or the "Company")
Investment Facility Part Settlement and TVR
Scirocco Energy (AIM: SCIR), the AIM investing Company targeting attractive production and development opportunities within the European energy market, announces that the subscriber under the share subscription deed governing the investment facility ("Investment Facility"), the details of which were announced to the market on 29 June 2020 (the "Subscriber"), has issued the Company a settlement notice for US$500,000. This notice, together with the settlement notice announced on 15 October 2020, means that an aggregate US$925,000 of the total US$1 million subscribed for to date by the Subscriber pursuant to the Investment Facility has been settled.
Accordingly, the Company has issued and allotted 34,838,350 ordinary shares, with a deemed price of GBP0.0104 ("Settlement Shares") to the Subscriber. The Subscriber's investment was made as a prepayment for ordinary shares in the Company, the number (and price) of which were to be determined at the time the Subscriber elected to receive such shares, according to the average of five daily volume-weighted average prices during the twenty trading days prior to the date of such election.
Application will be made for the Settlement Shares to be admitted to trading on AIM with admission expected to take place on 11 May 2021 ("Admission"). The Settlement Shares will rank pari passu in all respects with all existing ordinary shares in the Company.
Following Admission, the Company's enlarged issued share capital will comprise 758,787,936 ordinary shares with voting rights.
This figure of 758,787,936 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Disclosure Rules and Transparency Rules of the United Kingdom Financial Conduct Authority.
For further information:
Scirocco Energy plc Tom Reynolds, CEO +44 (0) 20 7466 Doug Rycroft, COO 5000 Strand Hanson Limited, Nominated Adviser & Broker +44 (0) 20 7409 James Spinney / Ritchie Balmer / Rory Murphy 3494 WH Ireland Limited, Broker +44 (0) 0207 220 Harry Ansell / Katy Mitchell 1666 Buchanan, Financial PR +44 (0) 20 7466 Ben Romney / Kelsey Traynor / James Husband 5000
This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America. This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933 (the "Securities Act"), or with any securities regulatory authority of any state or other jurisdiction of the United States. The securities may not be offered or sold in the United States, except pursuant to an applicable exemption from or in a transaction not subject to the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. No public offering of the securities is being made in the United States.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
IOEDKPBKBBKDDPK
(END) Dow Jones Newswires
May 05, 2021 08:03 ET (12:03 GMT)
1 Year Solo Oil Chart |
1 Month Solo Oil Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions