Plutus PowerGen PLC Issue of Equity (6051F)
July 16 2019 - 1:00AM
UK Regulatory
TIDMPPG
RNS Number : 6051F
Plutus PowerGen PLC
16 July 2019
Plutus PowerGen Plc / Ticker: PPG / Index: AIM
16 July 2019
PLUTUS POWERGEN PLC
("Plutus", the "Group" or the "Company")
Issue of Equity
Plutus PowerGen (AIM: PPG), the AIM quoted power company focused
on the development and operation of flexible energy generation
("FlexGen") projects in the UK, announces that it has agreed to
issue 10,909,090 new ordinary shares of 0.1p each ("Ordinary
Shares") (the "Fee Conversion Shares") to certain advisers of the
Company in lieu of professional services provided to the Company
and 36,363,636 new ordinary shares to the convertible loan note
holder in satisfaction of the outstanding GBP100,000 of unsecured
convertible loan notes originally issued by the Company on 18
December 2014 (the "Debt Conversion Shares").
The Fee Conversion Shares and Debt Conversion Shares have been
issued at a price of 0.275p per share being the mid-market closing
price on 15 July 2019.
Application will be made to the London Stock Exchange for a
total of 47,272,726 Ordinary Shares to be admitted to trading on
AIM and it is expected that such admission will occur at 8.00 a.m.
on 22 July 2019.
Following Admission, the total number of issued Ordinary Shares
in the Company will be 872,534,994 ordinary shares and consequently
the total number of voting rights in the Company will be
872,534,994. 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 the
share capital of the Company under the Disclosure and Transparency
Rules.
**ENDS**
For further information, please visit www.plutuspowergen.com, or
contact:
+44 (0)20 7582
Plutus PowerGen Plc 6598
Charles Tatnall, Executive Chairman
Allenby Capital Limited (Nominated Adviser +44 (0)20 3328
and Joint Broker) 5656
Nick Athanas
James Hornigold
Turner Pope Investments (TPI) Limited (Joint +44 (0)20 3621
Broker) 4120
Andy Thacker
+44 (0)20 7236
St Brides Partners Limited (Financial PR) 1177
Isabel de Salis
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
IOELLFSDDRIELIA
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