Infinity Energy S.A.
("Infinity" or the "Company")
Conversion of Loan Note
The Company announces that it was informed today that during
market closure Gerwyn Llewellyn
Williams, Company Director and Chief Executive Officer,
converted his convertible loan totalling £480,000 into new ordinary
Shares in the Company at a conversion rate of £0.0013, equating to
369,230,769 new ordinary shares (“New Ordinary Shares”).
Application has been made for the New Ordinary Shares to be
admitted to trading on AIM and dealings are expected to commence on
or around 11 April 2017. The New Ordinary Shares will rank
pari passu with the existing ordinary shares.
Following this conversion, Mr Williams holds 472,003,497
ordinary shares in the Company representing 36.52 per cent. of the
issued share capital.
Following the issue of the New Ordinary Shares, the total number
of shares in issue is 1,292,491,003 ordinary shares, each with
voting rights. There are no shares held in treasury. Therefore, the
total number of voting rights in the Company is 1,292,491,003. 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 to their
interest under the Disclosure and Transparency Rules.
This announcement includes inside information as defined in
Article 7 of the Market Abuse Regulation No. 596/2014 and is
disclosed in accordance with the Company's obligations under
Article 17 of those Regulations.
For further information, please
contact:
Infinity Energy S.A.
Gerwyn Williams
Bruce Vandenberg |
Tel: +44 7889 677 397
Tel: +44 7899 791 726 |
Nomad
Cairn Financial Advisers LLP
Sandy Jamieson / James Caithie |
Tel: +44 207 213 0880 |
Joint-Broker
WH Ireland Limited
Paul Shackleton / Nick Prowting |
Tel: +44 207 220 1666 |
Joint-Broker
Peterhouse Corporate Finance Limited
Eran Zucker / Lucy Williams |
Tel: +44 20 7469 0930 |