Highlands Natural Resources PLC Issue of Shares (9213Z)
March 20 2017 - 3:25AM
UK Regulatory
TIDMHNR
RNS Number : 9213Z
Highlands Natural Resources PLC
20 March 2017
Highlands Natural Resources plc ('Highlands' or 'the
Company')
Issue of Shares
On 10 March 2017, Highlands, the London-listed natural resources
company announced that it had executed an expanded agreement (the
"Agreement") with Renegade Oil & Gas Company LLC ("Renegade")
which significantly enhanced the Company's land position and
operational flexibility in its East Denver Niobrara shale play.
Pursuant to that Agreement, Highlands has today issued 3,500,000
ordinary shares to Renegade in satisfaction of the consideration.
Accordingly, an application has been made for an additional
3,500,000 ordinary shares in the Company to be admitted to trading
on the Official List of the UK Listing Authority by way of a
Standard Listing and to trading on the London Stock Exchange's Main
Market for listed securities ("Admission"). Admission is expected
to take place on 23 March 2017.
Accordingly, following Admission, the total number of ordinary
shares in Highlands with voting rights will be 67,787,349. This
figure may be used by Highlands shareholders as the denominator for
calculations to determine if they have a notifiable interest in
Highlands under the Disclosure and Transparency Rules, or if such
interest has changed.
Disclosure of notifiable interests
Due to the issue of the above ordinary shares, although the
number of ordinary shares held by Robert Price, Executive Chairman
of Highlands, has not changed, with effect from Admission his
holding represents 17.70 per cent. of the Company's total voting
rights.
Also with effect from Admission Renegade's holding of 3,500,000
ordinary shares represents 5.16 per cent. of the Company's total
voting rights.
**ENDS**
For further information, please visit www.highlandsnr.com, or
contact:
Highlands Natural +1 (0) 303 322
Robert Price Resources plc 1066
Cenkos Securities +44 (0) 131 220
Nick Tulloch plc 9772
+44 (0) 131 220
9771 /
Cenkos Securities +44 (0) 207 397
Neil McDonald plc 1953
St Brides Partners +44 (0) 20 7236
Lottie Brocklehurst Ltd 1177
St Brides Partners +44 (0) 20 7236
Elisabeth Cowell Ltd 1177
Notes to Editors
Highlands (LSE: HNR.L) is a London-listed natural resources
company with a portfolio of high-potential oil, gas and helium
assets and technologies. The company's core projects include:
-- East Denver Niobrara: a farm-in opportunity for horizontal
oil and gas wells targeting the Niobrara shale formation in a
well-studied area of the Denver Julesburg Basin.
-- DT Ultravert: a re-fracking and parent well protection
technology with 20 patents pending in the United States and
internationally. Highlands is advancing commercial conversations
with a range of oil and gas operators to create revenue-sharing
opportunities for DT Ultravert applications.
-- Helios Two: a 105,000+ acre helium and natural gas prospect
in SE Montana with drilling and assessment operations ongoing.
This information is provided by RNS
The company news service from the London Stock Exchange
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