Spinnaker Opportunities PLC Issued Share Capital (2289E)

TIDMSOP

RNS Number : 2289E

Spinnaker Opportunities PLC

07 February 2018

7 February 2018

Spinnaker Opportunities Plc

("Spinnaker" or "the Company")

Issued Share Capital

Spinnaker Opportunities Plc (LON: SOP), the standard listed cash shell established to make a material acquisition in the energy or industrial sectors, confirms that, as at 1 February 2018, its total issued share capital was 29,400,120 ordinary shares of 2.5p each ("Ordinary Share").

There are no Ordinary Shares held in treasury. Each Ordinary Share carries voting rights on the basis of one vote per Ordinary Share. Therefore, the total number of voting rights in the Company is 29,400,120 Ordinary Shares.

The above figure may be used by shareholders as the denominator for calculations to determine if they have a notifiable interest in the Company under the Disclosure and Transparency Rules, or if such interest has changed.

In addition the Company has in issue 24,000,000 warrants exercisable at a price of 7.5p per share up to 17 May 2020, 1,700,000 warrants exercisable at 7.5p per share up to 19 June 2020, 709,500 warrants exercisable at 5p per share up to 17 May 2020, and 100,000 warrants exercisable at 5p per share up to 19 June 2020.

The holdings of the directors are:

 
 Director            No of shares   % of issued share 
                      (unchanged)             capital 
------------------  -------------  ------------------ 
 Andy Morrison          4,600,080               15.6% 
------------------  -------------  ------------------ 
 Anthony Harpur         1,400,000                4.8% 
------------------  -------------  ------------------ 
 Richard Liddell        1,200,000                4.1% 
------------------  -------------  ------------------ 
 Jonathan Bradley              40               <0.1% 
  Hoare 
------------------  -------------  ------------------ 
 
 
 Enquiries 
 
 Spinnaker Opportunities                          Tel: [phone] 
  Andy Morrison, Chairman                                          561 
 Website: http://www.spinnakeropportunities.uk/ 
 
 SP Angel (Financial Adviser                       Tel: [phone] 
  and Joint Broker)                                               0470 
  Lindsay Mair 
  Caroline Rowe 
 SI Capital (Joint Broker)                        Tel: [phone] 
  Nick Emerson                                                     500 
  Blytheweigh (Financial                           Tel: [phone] 
  PR)                                                             3204 
  Nick Elwes 
  Simon Woods 
 

About Spinnaker Opportunities

Spinnaker Opportunities (LON: SOP) is listed on the standard list of the London Stock Exchange, led by a management team with extensive expertise in the oil & gas/energy industries. Spinnaker's strategy is to seek a single material acquisition with a view to performing a Reverse Takeover to generate an attractive capital return to its shareholders by achieving a valuation uplift upon RTO and by selecting a target business that has significant further value growth potential following acquisition.

This information is provided by RNS

The company news service from the London Stock Exchange

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(END) Dow Jones Newswires

February 07, 2018 10:47 ET (15:47 GMT)