Empyrean Energy PLC Empyrean completes GBP200,000 Placement (6799Y)
2020年9月11日 - 3:00PM
RNSを含む英国規制内ニュース (英語)
TIDMEME
RNS Number : 6799Y
Empyrean Energy PLC
11 September 2020
This announcement contains inside information
Empyrean Energy PLC / Index: AIM / Epic: EME / Sector: Oil &
Gas
11 September 2020
Empyrean Energy PLC ("Empyrean" or the "Company")
Empyrean completes GBP 200,000 Placement
As previously announced, Empyrean Energy plc ("Empyrean or
Company"), the oil and gas development company with interests in
China, Indonesia and the United States, entered into a GBP 10
million equity placement facility ("Facility") with Long State
Investment Limited ("Long State') in December 2019.
Under the terms of the Facility, Empyrean has agreed to issue
4,000,000 new ordinary shares in the Company (the "New Ordinary
Shares") to Long State at a price of 5p per New Ordinary Share (the
"Placing Price") to raise GBP 200,000 (before costs) (the
"Placing"). The Placing is being completed under the Company's
existing authorities and is not subject to the approval of
shareholders. Following the Placing, the Company's enlarged issued
share capital will comprise 475,197,281 ordinary shares of 0.2p
each (the "Shares"), each with voting rights. This figure 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, securities of the
Company under the Financial Conduct Authority's Disclosure and
Transparency Rules.
The Placing Price represents a 3% premium to the price of the
Company's Shares as at close of business on 10 September 2020
(4.85p).
The funds raised pursuant to the Placing will be used for the
Company's general working capital requirements.
Empyrean has also granted options to Long State in respect of
500,000 Shares in order to activate the Facility. These options are
exercisable at 10.14p each, being 150% of the daily VWAP on the
date prior to activation of the Facility, and have a three year
term from the date of issue.
Application will be made for the New Ordinary Shares to be
admitted to trading on AIM. Admission is expected to take place on
or about 17 September 2020. The Placing Shares will rank pari passu
with existing Shares in issue.
Tom Kelly, CEO of Empyrean, commented on the Placing:
"While Empyrean progresses several strategic and funding
alternatives, the Company has taken the prudent step of accessing
this funding facility to provide some additional short-term working
capital, at current market prices."
**ENDS**
For further information:
Empyrean Energy plc
Tom Kelly Tel: +61 8 9380 9920
Cenkos Securities plc
Neil McDonald Tel: +44 (0) 131 220 9771
Pete Lynch Tel: +44 (0) 131 220 9772
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
IOEBCGDCGBBDGGG
(END) Dow Jones Newswires
September 11, 2020 02:00 ET (06:00 GMT)
Empyrean Energy (LSE:EME)
過去 株価チャート
から 6 2024 まで 7 2024
Empyrean Energy (LSE:EME)
過去 株価チャート
から 7 2023 まで 7 2024