TIDMPXEN

RNS Number : 4623N

Prospex Energy PLC

23 January 2023

Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas

23 January 2023

Prospex Energy PLC

('Prospex' or the 'Company')

Conversion of Loan Notes and TVR

Prospex Energy PLC, the AIM-quoted investment company focused on European gas and power projects, announces that it has received a notice to convert an aggregate of GBP10,321.75 in a convertible loan note in exchange for the issue of 242,865 new ordinary shares of 0.1p each in the Company ("Ordinary Shares").

The abovementioned convertible loan note was issued in July 2022 and is convertible at 4.25p per share pursuant to a Convertible Loan Note Deed dated 18 July 2022.

Admission to Trading and Total Voting Rights

The Company has applied to the London Stock Exchange for admission of 242,865 new Ordinary Shares to trading on AIM ('Admission') as a result of the above conversion. Admission is expected to occur on or around 26 January 2023. There are currently 280,422,929 Ordinary Shares in issue. Following Admission there will be a total of 280,665,794 Ordinary Shares in issue. This will be the number of Ordinary Shares that 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 the Company under the FCA's Disclosure and Transparency Rules.

[This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR") and is disclosed in accordance with the Company's obligations under Article 17 of MAR.]

* * ENDS * *

For further information visit www.prospex.energy or contact the following:

 
Mark Routh                           Prospex Energy PLC     Tel: +44 (0) 20 
                                                               7236 1177 
Ritchie Balmer                       Strand Hanson Limited  Tel: +44 (0) 20 
 Rory Murphy                                                      7409 3494 
Andrew Monk (Corporate Broking)      VSA Capital Limited    Tel: +44 (0) 20 
 Andrew Raca/Alex Cabral (Corporate                               3005 5000 
 Finance) 
Colin Rowbury                        Novum Securities       Tel: +44 (0) 20 
 Jon Belliss                          Limited                     7399 9427 
Susie Geliher                        St Brides Partners     Tel: +44 (0) 20 
 Ana Ribeiro                          Limited                     7236 1177

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January 23, 2023 02:00 ET (07:00 GMT)

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