TomCo Energy PLC Liquidity Facility Update (2658E)
15 July 2016 - 7:30AM
UK Regulatory
TIDMTOM
RNS Number : 2658E
TomCo Energy PLC
15 July 2016
15 July 2016
TomCo Energy plc (AIM: TOM )
("TomCo" or the "Company")
Termination of Liquidity Facility and Intended Capital
Reduction
Further to the announcement made by TomCo on 28 January 2013,
the Company is pleased to announce that, by mutual consent, the
Liquidity Facility Agreement ("Facility") entered into with Windsor
Capital Partners Limited ("Windsor") has been terminated.
Under the Facility, the Company issued and allotted 100 million
ordinary shares to Windsor in exchange for a Promissory Note. It
was agreed that any shares not sold during the life of the Facility
would be returned to the Company and cancelled.
The number of shares remaining under the Facility at the date of
termination was 10,980,831 (the "Remaining Shares").
In accordance with the Companies Act 2006 and the Company's
Articles of Association, the board of the Company has resolved to
cancel the Remaining Shares and instruct the Company's Share
Regsitrar to effect such cancellation on 20 July 2016. The Company
has applied to the London Stock Exchange for Admission of the
Remaining Shares to be cancelled which is expected to occur on 20
July 2016.
Total Voting Rights
In accordance with the Financial Conduct Authority's Disclosure
and Transparency Rules, the Company hereby announces that following
cancellation of the Remaining Shares it will have 2,061,474,913
ordinary shares of no par value each in issue, none of which are
held in treasury. Therefore, the total number of voting rights in
the Company is 2,061,474,913.
The above figure of 2,061,474,913 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 FCA's Disclosure and Transparency Rules.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
Enquiries: For further information, please visit
www.tomcoenergy.uk.com or contact:
TomCo Energy plc
Telephone +44 (0) 20 3823
3635
Chris Brown (CEO) chris@tomcoenergy.uk.com
Andrew Jones (Chairman) andrew@tomcoenergy.uk.com
SP Angel Corporate Finance LLP (Nomad & Broker)
Telephone +44 (0) 20 3470 0470
Stuart Gledhill / Richard
Hail
Tavistock (Financial PR)
Telephone +44 (0) 20 7920 3150
Ed Portman/Jos Simson eportman@tavistock.co.uk
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July 15, 2016 02:30 ET (06:30 GMT)