REG - Egdon Resources PLC - BLOCK LISTING APPLICATION

Egdon ResourcesAnnouncement

04/07/2022 07:00

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RNS Number : 0726R  Egdon Resources PLC  04 July 2022

4 July 2022

 

EGDON RESOURCES PLC

 

("Egdon" or "the Company")

 

BLOCK LISTING APPLICATION

 

 

Egdon Resources plc (AIM:EDR), a UK focused energy company, announces that an
application has been made to the London Stock Exchange plc for a block listing
of securities in respect of 49,299,000 ordinary shares of £0.01 each (the
'New Ordinary Shares') to be admitted to trading on AIM.

The New Ordinary Shares will be issued from time to time in order to satisfy
the remaining outstanding warrants which may be exercised. It is expected that
admission will become effective on 8 July.

The block listing consists of 49,299,000 ordinary shares in respect of the
remaining outstanding warrants granted in July 2021 as part of the Company's
£1.44 million fundraise through the issue of 115,228,000 new ordinary shares
at a price of 1.25 pence per share. As part of this raise, each two
subscription shares were granted a right to subscribe for one new ordinary
share at a price of 2.5 pence per share (the "warrants"). The warrants are
exercisable at any time until 23 July 2023.

For the avoidance of doubt these applications are not applications to list the
warrants themselves on any regulated market but merely an administrative
measure to ensure that the Company does not need to make multiple applications
for admission of ordinary shares to trading on each separate occasion when the
existing warrants are exercised by holders. There are no changes to the terms
and conditions of the warrants.

Following the Block Admission, the Company's issued share capital will remain
unchanged at 525,092,031 ordinary shares. The Company will make six-monthly
announcements of the utilisation of the Block Admission, in line with its
obligations under AIM Rule 29.

When issued, the New Ordinary Shares will be credited as fully paid and will
rank pari passu in all respects with the existing ordinary shares of £0.01
each in the capital of the Company.

 

For further information please contact:

Egdon Resources plc

Mark Abbott, Martin Durham
                                    01256 702 292

 

Buchanan

Ben Romney, Jon
Krinks
020 7466 5000

 

Nominated Adviser & Joint Broker - WH Ireland
Limited

Chris Hardie, Megan Liddell
                                       020 7220 1666

 

Joint Broker & Financial Advisors - VSA Capital Limited

Andrew Monk (Corporate Broking)
                              020 3005 5000

Andrew Raca (Corporate Finance)

 

 

About Egdon:

Egdon Resources plc (LSE: EDR) is an established UK-based energy company
focused on onshore exploration and production in the UK.

Egdon holds interests in 37 licences in the UK and has an active programme of
exploration, appraisal and development within its portfolio of oil and gas
assets. Egdon is an approved operator in the UK.  Egdon was formed in 1997
and listed on AIM in December 2004.

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via
Regulatory Information Service ("RIS"), this inside information is now
considered to be in the public domain

 

 

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