REG - Corcel PLC - Placing Settlement Finalisation and TVR

CorcelAnnouncement

13/09/2023 07:15

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RNS Number : 2246M  Corcel PLC  13 September 2023

 

Corcel PLC

("Corcel" or the "Company")

 

Placing Settlement Finalisation and TVR

13 September 23

Corcel Plc (London AIM: CRCL), the pan Angolan / Brazilian Oil and Gas
company, with interests across battery metals mining and oil and gas,
announces the settlement of a previously announced placing.

Funding Updates:

The Company confirms that, further to the fundraising announced on 24 May
2023, it has received the full £282,741 in cash to date, completing the
transaction, and that accordingly the balance of the shares, 13,945,750 (the
"Shares") in total, will now be issued.

 

Total Voting Rights:

Application will be made for the Shares, 13,945,750 new ordinary shares in
total, to be admitted to trading on AIM and it is expected that their
admissions to AIM will take place on or around 19 September 2023.

Following Admission the Company's total issued share capital will consist
of 1,474,528,988 Ordinary Shares, with one voting right per share. The
Company does not hold any shares in treasury. Therefore, the total number of
Ordinary Shares and voting rights in the Company will be 1,474,528,988 from
Admission. 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 pursuant to the FCA's Disclosure Guidance and
Transparency Rules.

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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