Empyrean Energy PLC Partial Conversion of Convertible Note (2043G)
2022年3月28日 - 4:01PM
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RNS Number : 2043G
Empyrean Energy PLC
28 March 2022
Empyrean Energy Plc / Index: AIM / Epic: EME / Sector: Oil &
Gas
Empyrean Energy plc
Partial Conversion of Convertible Note
28 March 2022
Empyrean Energy ("Empyrean" or the "Company"), the oil and gas
development company with interests in China, Indonesia and the
United States, advises that it has received a conversion notice to
issue 18,750,000 Ordinary Shares ("Shares") at a conversion price
of 8p per Share under the existing Convertible Loan Note Agreement
as announced on 16 December 2021 ('Partial Conversion"). The
Partial Conversion reduces the amount owing on the Convertible Note
by GBP1,500,000.
Application will be made for the admission of the Shares to
trading on AIM ("Admission"). Admission is expected to take place
on 1 April 2022. The Shares will rank pari passu with the existing
ordinary shares on issue.
Following Admission, the Company's enlarged issued share capital
will comprise 664,820,780 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.
-ENDS-
For further information please contact the following:
Empyrean Energy plc
Tom Kelly Tel: +61 6146 5325
Cenkos Securities plc (Nominated
Advisor and Broker)
Neil McDonald Tel: +44 (0) 131 220 9771
Pete Lynch Tel: +44 (0) 131 220 9772
First Equity Limited (Joint
Broker)
Jason Robertson Tel: +44 (0) 20 7330 1883
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END
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March 28, 2022 03:01 ET (07:01 GMT)
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