i3 Energy PLC Loan Conversion (4515I)
March 21 2018 - 6:17AM
UK Regulatory
TIDMI3E
RNS Number : 4515I
i3 Energy PLC
21 March 2018
i3 Energy plc
("i3" or the "Company")
Loan Conversion
The Company announces that on 20 March 2018, in relation to the
Loan Note Agreement as announced on 6 February 2018, it received
notice of exercise from James Caird Asset Management ("JCAM") to
convert part of the loan with an aggregate par value of US$500,000,
into shares. Following this conversion, the value outstanding on
the Loan will be US$1,500,000.
i3 Energy has therefore today allotted 925,926 ordinary shares
to JCAM which will rank pari passu in all respects with the
existing ordinary shares.
Application will be made for these new ordinary shares to be
admitted to trading on AIM and it is anticipated that trading in
such shares will commence on or around 27 March 2018.
Following Admission, the Company's enlarged issued share capital
will comprise 36,697,324 ordinary shares. The Company does not hold
any shares in treasury. The total voting rights in the Company is
therefore 36,697,324 ordinary shares and this figure may be used by
Shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of
the Company under the FCA's Disclosure and Transparency Rules.
CONTACT DETAILS:
i3 Energy plc
Neill Carson (CEO) / Graham c/o Camarco
Heath (CFO) Tel: +44 (0)
203 757 4980
WH Ireland Limited (Nomad
and Joint Broker)
James Joyce, James Sinclair-Ford Tel: +44 (0)
207 220 1666
GMP FirstEnergy (Joint Broker)
Jonathan Wright, David van Tel: +44 (0)
Erp 207 448 0200
Camarco
Georgia Edmonds, Jane Glover, Tel: +44 (0)
James Crothers 203 757 4980
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCPGUAGWUPRGGG
(END) Dow Jones Newswires
March 21, 2018 07:17 ET (11:17 GMT)
I3 Energy (LSE:I3E)
Historical Stock Chart
From Apr 2024 to May 2024
I3 Energy (LSE:I3E)
Historical Stock Chart
From May 2023 to May 2024