Genel Energy PLC Conversion of Suspended Voting Ordinary Shares (8977E)
February 13 2015 - 8:10AM
UK Regulatory
TIDMGENL
RNS Number : 8977E
Genel Energy PLC
13 February 2015
13 February 2015
Genel Energy Plc (the "Company")
Conversion of Suspended Voting Ordinary Shares to Voting
Ordinary Shares
The Company announces that, following the disposal of 2,000,000
Voting Ordinary Shares by Elysion Energy Holding BV on 10 December
2014 and ii) 1,400,000 Voting Ordinary Shares by Elysion Energy
Holding BV on 16 December 2014, to third party purchasers who are
not Affiliates (as such term is defined in the statement of rights
attaching those shares), it has converted Suspended Voting Ordinary
Shares, in accordance with their terms, into 3,916,616 Voting
Ordinary Shares, each of which will rank pari passu with the
existing Voting Ordinary Shares.
For further information please contact:
Sarah Robertson, Company Secretary
Phil Corbett, Head of Investor Relations
Genel Energy
+44 20 7659 5100
Notes on voting rights
The Suspended Voting Ordinary Shares were issued to the selling
shareholders of Genel Energy International Limited in consideration
for its merger with the Company in November 2011 so as to ensure
that such selling shareholders and their affiliates' aggregate
holding of Voting Ordinary Shares did not and does not exceed
30%.
In total, the Voting Ordinary Share capital of the Company has
increased by 3,916,616 Voting Ordinary Shares to 248,620,151 Voting
Ordinary Shares.
Applications will be made to the UK Listing Authority for
3,919,616 Voting Ordinary Shares to be admitted to the standard
listing segment of the Official List of the UK Listing Authority,
and to the London Stock Exchange plc for the same 3,919,616 Voting
Ordinary Shares to be admitted to trading on the London Stock
Exchange's main market for listed securities (Admission). It is
expected that the Admission will become effective, and that
dealings in such shares will commence, at 8.00 a.m. on or around 18
February 2015.
Following the Admission on 18 February 2015 the total number of
Ordinary Shares will be 278,241,836 (of which 248,620,151 will be
Voting Ordinary Shares and 29,621,685 will be Suspended Voting
Ordinary Shares).
This announcement does not constitute or form part of any offer
or invitation to purchase, otherwise acquire, issue, subscribe for,
sell or otherwise dispose of any securities, nor any solicitation
of any offer to purchase, otherwise acquire, issue, subscribe for,
sell or otherwise dispose of, any securities. The securities of the
Company referred to herein have not been and will not be registered
under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and may not be offered or sold in the United States unless
they are registered with the U.S. Securities and Exchange
Commission or an exemption from the registration requirements of
the Securities Act is available. The release, publication or
distribution of this announcement in certain jurisdictions may be
restricted by law and therefore persons in such jurisdictions into
which this announcement is released, published or distributed
should inform themselves about and observe such restrictions.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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