TIDMEDL

RNS Number : 8035Z

Edenville Energy PLC

17 March 2017

17 March 2017

EDENVILLE ENERGY PLC

("Edenville" or the "Company")

Result of General Meeting

Edenville Energy plc (AIM:EDL), the company developing a coal project in south west Tanzania is pleased to announce at a General Meeting of the Company's shareholders held earlier today, all resolutions were duly passed.

Following the passing of the resolutions and pursuant to subscription agreements between the Company and certain investors, 227,218,268 new ordinary shares (the "Second Subscription Shares"), together with 113,609,134 Warrants have been allotted at the issue price of 0.8 pence per new ordinary share for an aggregate subscription value of GBP1,817,746.14 before expenses. Application has been made for the 227,218,268 Second Subscription Shares, which rank pari passu with the Company's existing issued ordinary shares, to be admitted to trading on AIM, which is expected to occur at 8.00 a.m. on 23 March 2017.

Total Voting Rights

Following Admission of the Second Subscription shares, the total issued share capital of the Company will comprise 1,074,286,587 ordinary shares of 0.02p each, each share carrying the right to one vote. The Company does not hold any ordinary shares in treasury. This figure of 1,074,286,587 ordinary shares may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

For further information please contact:

 
 
 Edenville Energy Plc 
  Jeff Malaihollo - Chairman             +44 (0) 20 7652 
  Rufus Short - CEO                       9788 
 
   Northland Capital Partners Limited 
   (Nominated Adviser) 
   Gerry Beaney                            +44 (0) 20 3861 
   David Hignell                           6625 
 Optiva Securities Limited 
  (Broker) 
  Jeremy King                              +44 (0) 20 3137 
  Graeme Dickson                           1902 
 IFC Advisory 
  (Financial PR and IR) 
  Tim Metcalfe 
  Graham Herring 
  Heather Armstrong                      +44 (0) 20 3053 
  Miles Nolan                             8671

This information is provided by RNS

The company news service from the London Stock Exchange

END

ROMBDLFFDXFLBBZ

(END) Dow Jones Newswires

March 17, 2017 06:27 ET (10:27 GMT)

Edenville Energy (LSE:EDL)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Edenville Energy Charts.
Edenville Energy (LSE:EDL)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Edenville Energy Charts.