REG - Clontarf Energy PLC - Consideration Shares to be Admitted to Trading

Clontarf EnergyAnnouncement

10/05/2022 07:00

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RNS Number : 8304K  Clontarf Energy PLC  10 May 2022

 

10(th) May 2022

Clontarf Energy plc

("Clontarf" or "the Company")

 

Consideration Shares to be Admitted to Trading

 

Further to yesterday's announcement regarding the acquisition of a 10 per
cent. stake in the Sasanof Prospect, Clontarf announces that application has
been made for 100,000,000 new ordinary shares of 0.25p each ("Ordinary
Shares") (Consideration Shares") to be admitted to trading on AIM.  These
Consideration Shares are part of the consideration payable to Western Gas for
the stake in the Sasanof Prospect and, when admitted, will rank pari passu
with the Company's existing Ordinary Shares. It is expected that such
admission will become effective on or around 13(th) May 2022.

 

Following the admission of the Consideration Shares, there will be a total of
2,370,826,117 Ordinary Shares in issue with each share carrying the right of
one vote. The above figure 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 change to their interest in, the Company under the FCA's
Disclosure Guidance and Transparency Rules.

 

This announcement contains inside information for the purposes of Article 7 of
Regulation (EU) 596/2014.

 

Ends

 

 

For further information please visit http://clontarfenergy.com
(http://clontarfenergy.com) or contact:

 

 Clontarf Energy                    +353 (0) 1 833 2833

 David Horgan, Chairman

 John Teeling, Director

 Nominated & Financial Adviser      +44 (0) 20 7409 3494

 Strand Hanson Limited

 Rory Murphy

 Ritchie Balmer

 Broker                                     +44 (0) 207 399 9400

 Novum Securities Limited

 Colin Rowbury

 BlytheRay - PR                     +44 (0) 207 138 3206

Megan Ray

 Teneo

 Luke Hogg      +353 (0) 1 661 4055

 Alan Tyrrell   +353 (0) 1 661 4055

 Ciara Wylie

 

 

 

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