REG - Empyrean Energy PLC - Partial Conversion of Convertible Note

Empyrean EnergyAnnouncement

16/03/2022 10:00

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RNS Number : 9645E  Empyrean Energy PLC  16 March 2022

Empyrean Energy Plc / Index: AIM / Epic: EME / Sector: Oil & Gas

 

Empyrean Energy plc

 

Partial Conversion of Convertible Note

 

16 March 2022

 

Empyrean Energy ("Empyrean" or the "Company"), the oil and gas development
company with interests in China, Indonesia and the United States, advises that
it has received a conversion notice to convert 8,750,000 Ordinary Shares
("Shares") at a conversion price 8p per Share under the existing Convertible
Loan Note Agreement as announced on 16 December 2021 ('Partial Conversion").
The Partial Conversion reduces the amount owing on the Convertible Note by
£700,000.

 

Application will be made for the admission of the Shares to trading on AIM
("Admission"). Admission is expected to take place on 22 March 2022. The
Shares will rank pari passu with the existing ordinary shares on issue.

 

Following Admission, the Company's enlarged issued share capital will comprise
646,070,780 ordinary shares of 0.2p each (the "Shares"), each with voting
rights. This figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, securities of the Company under
the Financial Conduct Authority's Disclosure and Transparency Rules.

 

-ENDS-

 

 

For further information please contact the following:

 

   Empyrean Energy plc
   Tom Kelly                                              Tel: +61 6146 5325

   Cenkos Securities plc (Nominated Advisor and Broker)
   Neil McDonald                                          Tel: +44 (0) 131 220 9771
   Pete Lynch                                             Tel: +44 (0) 131 220 9772

  First Equity Limited (Joint Broker)
   Jason Robertson                       Tel: +44 (0) 20 7330 1883

 

   First Equity Limited (Joint Broker)
   Jason Robertson                       Tel: +44 (0) 20 7330 1883

 

 

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