REG - 88 Energy Limited - Issue of Equity

88 EnergyAnnouncement

25/05/2021 07:05

RNS Number : 7050Z
  
88 Energy Limited
  
25 May 2021
  
 

 
25 May 2021
 
 
88 Energy Limited
 
Issue of Shares
 
88 Energy Limited ("88 Energy" or the "Company", ASX:88E, AIM:88E, OTC:EEENF) has today issued 345,000,000 fully paid ordinary shares at a deemed issue price of A$0.025 per share in lieu of cash payments totalling A$8,625,000 to contractors providing services to the Company during the Merlin-1 drilling operations.
 
Application will be made for admission of the new ordinary shares to trading on AIM ("Admission"), with Admission expected to occur on 28 May 2021. Following the issue of the new ordinary shares, which rank pari passu to the existing ordinary shares in the Company, the Company has a total of 12,911,090,431 ordinary shares in issue, all of which have voting rights.
 
 
Media and Investor Relations:
 



88 Energy Ltd
Ashley Gilbert, Managing Director  


Tel: +61 8 9485 0990
Email: admin@88energy.com 
 




Finlay Thomson, Investor Relations
 


Tel: +44 7976 248471




EurozHartleys Ltd
Dale Bryan
 


Tel: + 61 8 9268 2829




Cenkos Securities                                        
Neil McDonald/Derrick Lee
 


Tel: + 44 131 220 6939



 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
IOEDKPBNPBKKBPB