Barryroe Offshore Energy PLC Exercise of Warrants (0860U)
March 24 2023 - 2:00AM
UK Regulatory
TIDMBEY
RNS Number : 0860U
Barryroe Offshore Energy PLC
24 March 2023
Barryroe Offshore Energy Plc
Warrants Exercise
Dublin and London - 24 March 2023
Barryroe Offshore Energy plc ("Barryroe" or "the Company")
reports that 73,371,166 warrants of GBP0.015 each have been
exercised raising GBP1,100,568 for the Company. The warrants were
issued as part of the fundraising completed in June 2022. Barryroe
has issued a total of 73,371,166 new Ordinary Shares (the "New
Ordinary Shares") to the warrant holders. The Board acknowledges
and sincerely appreciates this ongoing support from the Company's
shareholders.
Application will be made to the London Stock Exchange and
Euronext Dublin for the new Ordinary Shares to be admitted to
trading on AIM and Euronext Growth. It is expected that admission
to trading on each exchange ("Admission") will become effective and
that dealings in the New Ordinary Shares will commence on AIM and
Euronext Growth at 8.00 a.m. on 29 March 2023. The new Ordinary
Shares will be issued and credited as fully paid and will rank in
full for all dividends and other distributions declared, made or
paid after the admission of those Ordinary Shares and will
otherwise rank on Admission pari passu in all respects with each
other and with the existing Ordinary Shares in the Company.
The total issued share capital of the Company, as increased by
the new Ordinary Shares, will be 1,146,096,598 Ordinary Shares.
There remain 23,403,823 GBP0.015 warrants from the June 2022
fundraising outstanding which, if not also exercised, will expire
on the 26th July 2023.
Alan Curran CEO, comments: The warrants issued in the June 2022
fundraising were designed to play an important role in Barryroe's
short term funding requirements. Accordingly, on behalf of the
Board and myself I would especially like to thank all shareholders
for their ongoing support"
INVESTOR ENQUIRIES:
Barryroe Offshore Energy P.l.c. Tel: +353 1 219 4074
Alan Curran, Chief Executive
Job Langbroek, Investor Relations
J & E Davy Tel: +353 1 679 6363
Anthony Farrell
MEDIA ENQUIRIES:
AM O'Sullivan PR Tel: +353 87 9881890 /
tina@amosullivanpr.ie
Tina Quinn
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END
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