REG - Clontarf Energy PLC - Conversion of Debt <Origin Href="QuoteRef">CLON.L</Origin>

Clontarf EnergyAnnouncement

06/09/2014 16:46

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RNS Number : 5765M
Clontarf Energy PLC
17 July 2014 
 
17 July 2014 
 
Clontarf Energy plc 
 
("Clontarf" or "the Company") 
 
Conversion of Debt 
 
Clontarf Energy Plc announces that pursuant to the receipt of conversion
notices in respect of loans from its South American lenders, it has agreed to
issue 79,767,067 ordinary shares at a price of 0.75p per share in respect of
the total principal amount outstanding and interest accrued (the "Loan
Shares"). 
 
Application will be made for the Loan Shares to be admitted to trading on AIM
and it is expected that dealings will commence on 24 July 2014. Following
admission of the Loan Shares, the Company's issued share capital will consist
of 287,183,511 Ordinary Shares, with each ordinary share carrying the right to
one vote. The Company does not hold any ordinary shares in treasury. This
figure of 287,183,511 may therefore 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 and Transparency
Rules. 
 
ENDS 
 
For further information please visit http://clontarfenergy.com or contact: 
 
Clontarf Energy plc 
 
John Teeling, Chairman                                                        
                               +353 (0) 1 833 2833 
 
James Finn, Director 
 
Nominated Adviser and Broker 
 
Northland Capital Partners Limited 
 
Gavin Burnell / Lauren Kettle                                                 
                          +44 (0)20 7382 1100 
 
Alice Lane / John Howes (Broking) 
 
Public Relations 
 
Blytheweigh                                                                   
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Halimah Hussain                                                               
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Camilla Horsfall                                                              
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Pembroke Communications 
 
Natalie Tennyson                                                              
                                    +353 (0) 1 649 6486 
 
Alan Tyrrell                                                                  
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