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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
TXO | LSE:TXO | London | Ordinary Share | GB00B3SYR037 | 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% | 0.045 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMTXO
RNS Number : 8918H
TXO PLC
19 March 2015
TXO PLC
("TXO" or the "Company")
Issue of equity
Conversion of 2015 Convertible Loan Note
The Company announces that it has received notice of exercise of conversion rights in respect of GBP5,586.81p of the GBP425,000 convertible security, Convertible Loan Note October 2015 ("CLN 2015"), as announced on 7 October 2014. Following the issuance of the shares in the conversion, the balance of the Convertible Loan Note 2015 will be GBP419,413.19.
Under the convertible securities issuance deed ("the Deed"), 5,586,805 Ordinary Shares ("New Ordinary Shares") have therefore been issued by the Company at a conversion price of 0.1p. Application will be made for the New Ordinary Shares to be admitted to AIM ("Admission"). The New Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares of the Company.
Following Admission, the Company's enlarged issued share capital will comprise 1,468,113,722 Ordinary Shares with voting rights. The Company does not hold any shares in treasury. This figure of 1,468,113,722 Ordinary Shares may therefore 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 FCA's Disclosure and Transparency Rules.
19(th) March 2015
For further information, please contact:
TXO PLC
Tim Baldwin, Chairman +44 (0) 207 518 4300
Lothbury Financial Services Limited
Michael Padley / Chris Roberts +44 (0) 203 440 7620
This information is provided by RNS
The company news service from the London Stock Exchange
END
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