TXO TXO

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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