REG - Barryroe Offshore - Exercise of Warrants

Barryroe Offshore EnergyAnnouncement

24/03/2023 07:00

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RNS Number : 0860U  Barryroe Offshore Energy PLC  24 March 2023

Barryroe Offshore Energy Plc

 

 

Warrants Exercise

 

 

Dublin and London - 24 March 2023

 

 

Barryroe Offshore Energy plc ("Barryroe" or "the Company") reports that
73,371,166 warrants of £0.015 each have been exercised raising £1,100,568
for the Company. The warrants were issued as part of the fundraising completed
in June 2022. Barryroe has issued a total of 73,371,166 new Ordinary Shares
(the "New Ordinary Shares") to the warrant holders. The Board acknowledges and
sincerely appreciates this ongoing support from the Company's shareholders.

 

Application will be made to the London Stock Exchange and Euronext Dublin for
the new Ordinary Shares to be admitted to trading on AIM and Euronext Growth.
It is expected that admission to trading on each exchange ("Admission") will
become effective and that dealings in the New Ordinary Shares will commence on
AIM and Euronext Growth at 8.00 a.m. on 29 March 2023. The new Ordinary Shares
will be issued and credited as fully paid and will rank in full for all
dividends and other distributions declared, made or paid after the admission
of those Ordinary Shares and will otherwise rank on Admission pari passu in
all respects with each other and with the existing Ordinary Shares in the
Company.

 

The total issued share capital of the Company, as increased by the new
Ordinary Shares, will be 1,146,096,598 Ordinary Shares. There remain
23,403,823 £0.015 warrants from the June 2022 fundraising outstanding which,
if not also exercised, will expire on the 26th July 2023.

 

 

Alan Curran CEO, comments: The warrants issued in the June 2022 fundraising
were designed to play an important role in Barryroe's short term funding
requirements. Accordingly, on behalf of the Board and myself I would
especially like to thank all shareholders for their ongoing support"

 

 

INVESTOR ENQUIRIES:

 Barryroe Offshore Energy P.l.c.        Tel: +353 1 219 4074
 Alan Curran, Chief Executive
 Job Langbroek, Investor Relations

 J & E Davy                             Tel: +353 1 679 6363
 Anthony Farrell

 

 

MEDIA ENQUIRIES:

AM O'Sullivan PR  Tel: +353 87 9881890 / tina@amosullivanpr.ie

Tina
Quinn

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