REG - Challenger Energy - Admission of New Shares

Challenger EnergyAnnouncement

29/09/2023 16:45

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RNS Number : 2239O  Challenger Energy Group PLC  29 September 2023

29 September 2023

Challenger Energy Group PLC

("Challenger Energy" or the "Company")

 

Admission of New Shares

Further to the Company's announcement of 30 August 2023, application has been
made for admission ("First Admission") of 315,533,332 new ordinary shares of
0.02 pence each in the Company to trading on AIM. First Admission is expected
on or around 2 October 2023, and on First Admission the new ordinary shares
will rank pari passu with the Company's existing ordinary shares. As
previously advised, these new ordinary shares will be allotted to a number of
service providers that have provided services to the Company over the past 6
months, in lieu of fees otherwise payable in cash.

The Company has also today received a conversion notice in respect of
£165,000 of outstanding convertible notes pursuant to the Facility advised in
the Company's announcement of 30 August 2023, which will require the Company
to issue a further 458,333,333 new ordinary shares. A further application has
thus been made for admission of this amount of additional new ordinary shares
to trading on AIM, with admission expected on or around 5 October 2023
("Second Admission"). On Second Admission the further new ordinary shares will
rank pari passu with the Company's existing ordinary shares.

On First Admission, the total issued share capital of the Company will consist
of 9,935,732,811 ordinary shares. The Company does not hold any ordinary
shares in treasury. Therefore, as previously advised, from First Admission the
total number of voting rights in the Company will be 9,935,732,811 and 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, or a change in their interest in, the share capital of the
Company under the FCA's Disclosure Guidance and Transparency Rules.

On Second Admission, the total issued share capital of the Company will
consist of 10,394,066,144 ordinary shares. The Company does not hold any
ordinary shares in treasury. Therefore, from Second Admission the total number
of voting rights in the Company will be 10,394,066,144 and this figure may be
used from that time 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, or a change in their interest in, the share capital of the
Company under the FCA's Disclosure Guidance and Transparency Rules.

 

For further information, please contact:

 

 Challenger Energy Group PLC                     Tel: +44 (0) 1624 647 882

 Eytan Uliel, Chief Executive Officer
 WH Ireland - Nomad and Joint Broker             Tel: +44 (0) 20 7220 1666

 Antonio Bossi / Darshan Patel / Isaac Hooper
 Zeus Capital - Joint Broker                     Tel: +44 (0) 20 3829 5000

 Simon Johnson
 Gneiss Energy Limited - Financial Adviser       Tel: +44 (0) 20 3983 9263

 Jon Fitzpatrick / Paul Weidman / Doug Rycroft
 CAMARCO                                           Tel: +44 (0) 20 3757 4980

 Billy Clegg / Hugo Liddy / Sam Morris

 

Notes to Editors

 

Challenger Energy is a Caribbean and Americas focused oil and gas company,
with a range of oil production, development, appraisal, and exploration assets
in the region. The Company's primary assets are located in Uruguay, where the
Company holds high impact offshore exploration licences, and in Trinidad and
Tobago, where the Company has a number of producing fields and earlier-stage
exploration / appraisal projects.

 

Challenger Energy is quoted on the AIM market of the London Stock Exchange.

 

https://www.cegplc.com (https://www.cegplc.com/)

 

ENDS

 

 

 

 

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