Corcel PLC
("Corcel"
or the "Company")
Exercise of Warrants - Total
Voting Rights
7 March
2024
Corcel Plc
(London AIM: CRCL), the Angolan focused
exploration and production company, is
pleased to announce that it has received notice of the exercise of
100,000,000 warrants at a price of £0.0021 per share, for gross
proceeds of £210,000, which have been credited to the Company's
account. Accordingly, the Company has issued 100,000,000 new
ordinary shares of £0.0001 each ("Warrant Shares") in the
Company.
Admission to Trading on AIM and Total Voting
Rights
Application is being made for the
Warrant Shares to be admitted to trading on AIM, the admission of
which it is expected on or around 13 March 2024.
In accordance with the provision of
the Disclosure Guidance and Transparency Rules of
the Financial Conduct Authority, the Company confirms that,
following the issue of the Shares, its issued ordinary share
capital will comprise 1,874,794,153 ordinary shares.
All of the ordinary shares have
equal voting rights and none of the ordinary shares are held
in Treasury. The total number of voting rights in the Company
will therefore be 1,874,794,153. The above figure may be used by
shareholders as the denominator for the calculations to determine
if they are required to notify their interests in, or change to
their interest in, the Company.
For
further information, please contact:
Antoine
Karam
Corcel Plc Executive
Chairman
Development@Corcelplc.com
James Joyce / James Bavister /Andrew de Andrade
WH Ireland Ltd NOMAD &
Broker
0207 220 1666
Patrick d'Ancona
Vigo Communications IR
0207 3900 230
The information contained within
this announcement is deemed to constitute inside information as
stipulated under the Market Abuse Regulation (EU) No. 596/2014
which is part of UK law by virtue of the European Union
(withdrawal) Act 2018. Upon the publication of this announcement,
this inside information is now considered to be in the public
domain.