The information contained within this
announcement is deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU)
No. 596/2014 ('MAR). Upon the publication of this
announcement via a Regulatory Information Service ('RIS'), this
inside information is now considered to be in the public
domain.
Andalas Energy and Power Plc / Index:
AIM / Epic: ADL / Sector: Oil & Gas
23 May 2017
Andalas Energy and
Power Plc (‘Andalas’, or the ‘Company’)
Admission of
Placing Shares & Total Voting Rights
Andalas Energy and Power Plc, the AIM traded Indonesian focused
energy company, provides a correction and clarification to the
announcement made earlier today. Andalas confirms that
admission of the Placing Shares to trading on AIM (‘Admission’) is
now expected to occur in two tranches as follows:
- Admission of 550,000,000 Placing Shares (‘Tranche 1 Placing
Shares’) is expected to occur and trading in the Tranche 1 Placing
Shares is expected to commence at 8.00
am on 24 May 2017; and
- Admission of 50,000,000 Placing Shares (‘Tranche 2 Placing
Shares’) is expected to occur and trading in the Tranche 2 Placing
Shares is expected to commence at 8.00
am on 7 June 2017.
Following Admission of the Tranche 1 Placing Shares, the Company
will have an enlarged issued share capital of 3,043,167,975
ordinary shares and there are no shares held in treasury. This
figure may be used by shareholders to determine if they are
required to notify their interest in, or a change to their interest
in, the Company.
The Company will provide a further update following Admission of
the Tranche 2 Placing Shares.
**ENDS**
For further information, please visit www.andalasenergy.co.uk or
contact:
David Whitby |
Andalas Energy and
Power Plc |
Tel: +62
21 2783 2316 |
Sarah Wharry
Craig Francis |
Cantor Fitzgerald
Europe
(Nominated Adviser and Joint Broker) |
Tel: +44 20 7894 7000 |
Jon Belliss
Frank Buhagiar
Susie Geliher |
Beaufort Securities Limited
(Joint Broker)
St Brides Partners Limited |
Tel: +44 20 7382 8415
Tel: +44 20 7236 1177 |