REG - Corcel PLC - Loan Conversion and TVR

CorcelAnnouncement

19/09/2023 07:00

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RNS Number : 8388M  Corcel PLC  19 September 2023

 

Corcel PLC

("Corcel" or the "Company")

Loan Conversion and TVR

19 September 23

Corcel Plc (London AIM: CRCL), the pan Angolan / Brazilian Oil and Gas
company, with interests across oil and gas and battery metals, announces that
it has received notice of the conversion of £100,000 of outstanding loan
notes from its lenders, YA II PN Ltd and Riverfort Global Opportunities PCC
Limited, into 25,000,000 new ordinary shares of the Company at a price of
£0.004.

Admission to Trading on AIM and Total Voting Rights

 

Application is being made for 25,000,000 Shares to be admitted to trading on
AIM, the admission of which it is expected on or around 22 September 2023.

 

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
1,499,528,988 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 1,499,528,988. 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
 
 

 

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulation (EU) No.
596/2014 which is part of UK law by virtue of the European Union (withdrawal)
Act 2018. Upon the publication of this announcement, this inside information
is now considered to be in the public domain.

 

 

 

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