i3 Energy PLC i3 Energy Ordinary Share Cancellation (3218B)
June 01 2023 - 1:33AM
UK Regulatory
TIDMI3E
RNS Number : 3218B
i3 Energy PLC
01 June 2023
1 June 2023
i3 Energy plc
("i3", "i3 Energy", or the "Company")
i3 Energy Ordinary Share Cancellation
i3 Energy plc (AIM:I3E) (TSX:ITE), an independent oil and gas
company with assets and operations in the UK and Canada, announces
that the time limit for shareholders in Toscana Energy Income
Corporation ("Toscana") to claim their ordinary shares in the
Company from Odyssey Trust Company ("Odyssey") pursuant to the
Company's acquisition of Toscana by way of a plan of arrangement
(the "Arrangement") involving, among others, the Company and
Toscana, has now expired. At the time of expiry, Odyssey held
25,503 ordinary shares in the Company (the "Trust Shares") and the
Trust Shares on the expiry of the time limit reverted to the
Company to be held in treasury in accordance with the terms of the
Arrangement.
On 29 May 2023, the Company cancelled the Trust Shares that were
held in treasury. The ordinary shares cancelled represented
approximately 0.002% of the issued share capital of the
Company.
Following the above cancellation, as at the date of this
announcement, the Company has 1,201,874,464 ordinary shares with a
nominal value of GBP0.0001 each in issue. Shareholders may use this
figure of ordinary shares as the denominator by which they are
required to notify their interest in, or change their interest in,
the Company under the Disclosure Guidance and Transparency
Rules.
Enquiries:
i3 Energy plc c/o Camarco
Majid Shafiq (CEO) Tel: +44 (0) 203 781 8331
WH Ireland Limited (Nomad
and Joint Broker) Tel: +44 (0) 207 220 1666
James Joyce, Darshan Patel
Tennyson Securities (Joint
Broker) Tel: +44 (0) 207 186 9030
Peter Krens
Stifel Nicolaus Europe Limited
(Joint Broker) Tel: +44 (0) 20 7710 7600
Ashton Clanfield, Callum Stewart
Camarco
Georgia Edmonds, Violet Wilson, Tel: +44 (0) 203 781 8331
Sam Morris
Notes to Editors:
i3 Energy is an oil and gas Company with a low cost,
diversified, growing production base in Canada's most prolific
hydrocarbon region, the Western Canadian Sedimentary Basin and
appraisal assets in the North Sea with significant upside.
The Company is well positioned to deliver future growth through
the optimisation of its existing 100% owned asset base and the
acquisition of long life, low decline conventional production
assets.
i3 is dedicated to responsible corporate practices and the
environment, and places high value on adhering to strong
Environmental, Social and Governance ("ESG") practices. i3 is proud
of its performance to date as a responsible steward of the
environment, people, and capital management. The Company is
committed to maintaining an ESG strategy, which has broader
implications for long-term value creation, as these benefits extend
beyond regulatory requirements.
i3 Energy is listed on the AIM market of the London Stock
Exchange under the symbol I3E and on the Toronto Stock Exchange
under the symbol ITE. For further information on i3 Energy please
visit https://i3.energy/ .
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END
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