REG - Empyrean Energy PLC - Posting of Circular

Empyrean EnergyAnnouncement

13/11/2024 07:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241113:nRSM0499Ma&default-theme=true

RNS Number : 0499M  Empyrean Energy PLC  13 November 2024

13 November 2024

Empyrean Energy Plc

("Empyrean" or the "Company")

 

Posting of Circular

 

Empyrean Energy plc ("Empyrean" or the "Company"), the oil and gas development
company with interests in Indonesia and the United States, announces that the
Circular to Shareholders in connection with the Proposed Fundraising and the
Capital Reorganisation, including the Notice of General Meeting, is being
posted to Shareholders today and will be available on the Company's website
at https://www.empyreanenergy.com/ (https://www.empyreanenergy.com/) .

 

As previously announced, the Fundraise and Capital Reorganisation are each
conditional on, inter alia, shareholder approval of certain resolutions to be
proposed at a general meeting of the Company to be held at the offices of the
Cavendish at 1 Bartholomew Close, London, EC1A 7BL at 10.00 a.m. on Monday, 2
December 2024.

 

Admission, settlement and dealings

 

Application will be made for admission of the New Ordinary Shares (comprising
1,294,925,109 existing Ordinary Shares following the Capital Reorganisation,
530,000,000 Placing Shares, 665,768,332 Subscription Shares and 59,399,000
Retail Offer Shares) to trading on AIM, being the market of that name operated
by the London Stock Exchange.

 

Admission is expected to take place at 8.00 a.m. on or around 3 December 2024.

 

Following Admission, the Company will have 2,550,092,441 New Ordinary Shares
in issue. This figure may be used by shareholders of 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 under the FCA's Disclosure Guidance and
Transparency Rules.

 

The New Ordinary Shares following the Capital Reorganisation will have the
same rights as those currently accruing to the Existing Ordinary  Shares in
issue, including those relating to voting and entitlement to dividends. The
Placing Shares, Subscription Shares and Retail Offer Shares, when issued, will
be fully paid and will rank pari passu in all respects with the New Ordinary
Shares, including the right to receive all dividends and other distributions
declared, made or paid after the date of issue.

 

Capitalised terms in this announcement shall have the same meaning as in the
Circular.

 

For further information please visit www.empyreanenergy.com
(http://www.empyreanenergy.com/)  or contact the following:

 

 Empyrean Energy plc                      Tel: +61 (08) 6146 5325
 Tom Kelly

 Cavendish Capital Markets Limited        Tel: +44 (0) 207 220 0500

 (Nominated Advisor and Broker)
 Neil McDonald

 Pearl Kellie

 Novum Securities Limited (Joint Broker)  Tel: +44 (0) 207 399 9400
 Colin Rowbury

 

 

 

 EXPECTED TIMETABLE OF PRINCIPAL EVENTS

                                                                                              2024
 Announcement of the Fundraising and the Capital                                              6 November
 Reorganisation
 Announcement of the result of Retail Offer                                                   11 November
 Posting and publication of the Circular                                                      13 November
 Latest time and date for receipt of completed Forms of Proxy or electronic                   10.00 a.m. on 28 November
 proxy appointments for use at the General Meeting

 General Meeting                                                                              10.00 a.m. on 2 December
 Announcement of the result of the General Meeting                                            2 December
 Capital Reorganisation Record Date                                                           6.00 p.m. on 2 December
 Admission effective and commencement of dealings in the New Ordinary Shares on               8.00 a.m. on 3 December
 AIM
 New Ordinary Shares credited to CREST stock account                                          3 December
 Despatch of definitive share certificates in respect of New Ordinary Shares                    by 16 December
 to be issued in certificated form

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  CIRGPGGAGUPCUQW