San Leon Energy PLC Exercise of options and issue of shares (3860U)
January 17 2017 - 8:37AM
UK Regulatory
TIDMSLE
RNS Number : 3860U
San Leon Energy PLC
17 January 2017
17 January 2017
San Leon Energy plc
("San Leon" or the "Company")
Exercise of options and issue of shares
San Leon Energy plc, the AIM listed company focused on oil and
gas development and appraisal in Africa and Europe, announces that
it has issued and allotted 3,000,000 new ordinary shares of EUR
0.01 each ("New Ordinary Shares") to Robin Management Services and
4,000,000 New Ordinary Shares to DSA Investments Inc. in respect of
options exercised relating to the OML 18 Production Agreement. The
options were exercised at a price of 30 pence per share. The New
Ordinary Shares will rank pari passu with the Company's existing
ordinary shares.
The Company has made an application for the New Ordinary Shares
to be admitted to trading on AIM. It is expected that admission to
AIM will become effective and that dealings in these New Ordinary
Shares will commence at 8.00 a.m. on 23 January 2017.
Following admission, the Company's enlarged issued share capital
will comprise 450,025,720 Ordinary Shares, with voting rights. The
Company does not hold any Ordinary Shares in treasury. Therefore,
the total number of Ordinary Shares in the Company with voting
rights will be 450,025,720 and 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 in their
interest in, the share capital of the Company under the FCA's
Disclosure and Transparency Rules.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
Enquiries:
+ 353 1291
San Leon Energy plc 6292
Oisin Fanning, Chief Executive
SP Angel Corporate Finance LLP +44 20 3470
(Nominated adviser to the Company) 0470
Richard Morrison
Richard Hail
Soltan Tagiev
Whitman Howard Limited (Financial +44 20 7659
adviser to the Company) 1234
Nick Lovering
Brandon Hill Capital Limited (Joint +44 203 463
broker to the Company) 5000
Oliver Stansfield
Jonathan Evans
Vigo Communications (Financial +44 207 830
Public Relations) 9700
Chris McMahon
Alexandra Roper
+353 1 280
Plunkett Public Relations 7873
Sharon Plunkett
www.sanleonenergy.com
This information is provided by RNS
The company news service from the London Stock Exchange
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January 17, 2017 09:37 ET (14:37 GMT)