TIDMPXEN

RNS Number : 5063K

Prospex Energy PLC

29 August 2023

Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas

29 August 2023

Prospex Energy PLC

('Prospex' or the 'Company')

Conversion of Loan Notes and TVR

Prospex Energy PLC, the AIM quoted investment company focused on European gas and power projects, announces that it has received notices to convert an aggregate of GBP470,840.17 in four convertible loan notes in exchange for the issue of 11,078,594 new ordinary shares of 0.1p each in the Company ("Ordinary Shares").

The abovementioned convertible loan notes were issued in July 2022 and are convertible at 4.25p per share pursuant to a Convertible Loan Note Deed dated 18 July 2022.

Admission to Trading and Total Voting Rights

The Company has applied to the London Stock Exchange for the admission of 11,078,594 new Ordinary Shares to trading on AIM ('Admission') as a result of the above conversion. Admission is expected to occur on or around 1 September 2023. There are currently 293,757,152 Ordinary Shares in issue. Following Admission there will be a total of 304,835,746 Ordinary Shares in issue. This will be the number of Ordinary Shares that may be used by shareholders 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 in the Company under the FCA's Disclosure and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR") and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

* * ENDS * *

For further information visit www.prospex.energy or contact the following:

 
Mark Routh                           Prospex Energy      Tel: +44 (0) 20 7236 
                                      PLC                                1177 
Ritchie Balmer                       Strand Hanson       Tel: +44 (0) 20 7409 
 Rory Murphy                          Limited                            3494 
                                     ------------------  -------------------- 
Jerry Keen                           Fox-Davies          Tel: +44 (0) 20 3884 
                                      Capital Limited                    7447 
                                     ------------------  -------------------- 
Andrew Monk (Corporate Broking)      VSA Capital         Tel: +44 (0) 20 3005 
 Andrew Raca/Alex Cabral (Corporate   Limited                            5000 
 Finance) 
                                     ------------------  -------------------- 
Ana Ribeiro / Susie Geliher          St Brides Partners  Tel: +44 (0) 20 7236 
                                      Limited                            1177 
                                     ------------------  --------------------

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August 29, 2023 02:00 ET (06:00 GMT)

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