REG - Corcel PLC - Exercise of Warrants, Issue of Shares and TVR

CorcelAnnouncement

28/12/2023 12:45

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RNS Number : 1009Y  Corcel PLC  28 December 2023

Corcel PLC

("Corcel" or the "Company")

 

 

Exercise of Warrants, Issue of Shares and Total Voting Rights

 

 

28 December 2023

 

Corcel Plc (London AIM: CRCL), the Angolan focused exploration and
production company, is pleased to announce that it has received notice of the
exercise of 39,285,714 warrants at a price of £0.0021 per share, for gross
proceeds of £82,500.00, which have been credited to the Company's account.
Accordingly, the Company has issued 39,285,714 new ordinary shares of £0.0001
each ("Warrant Shares") in the Company.

 

Admission to Trading on AIM and Total Voting Rights

 

Application is being made for the Warrant Shares 39,285,714 in total, to be
admitted to trading on AIM, the admission of which is expected on or around 4
January 2024.

 

In accordance with the provision of the Disclosure Guidance and Transparency
Rules of the Financial Conduct Authority, the Company confirms that,
following the issue of the Shares, its issued ordinary share capital will
comprise 1,638,814,702 ordinary shares.

 

All of the ordinary shares have equal voting rights and none of the ordinary
shares are held in Treasury. The total number of voting rights in the Company
will therefore be 1,638,814,702. The above figure may be used by shareholders
as the denominator for the calculations to determine if they are required to
notify their interests in, or change to their interest in, the Company.

 

For further information, please contact:

Antoine
Karam
Corcel Plc Executive Chairman

Development@Corcelplc.com (mailto:Development@Corcelplc.com)
 

James Joyce / James Bavister /Andrew de Andrade             WH
Ireland Ltd NOMAD & Broker

0207 220 1666
 
 

Patrick
d'Ancona
Vigo Communications IR

0207 3900 230
 
 

 

 

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