REG - Energean PLC - Conversion of Convertible Loan Notes

EnergeanAnnouncement

13/12/2023 18:15

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RNS Number : 7066W  Energean PLC  13 December 2023

 

 Energean plc

("Energean" or the "Company")

 

 

Conversion of Convertible Loan Notes and Total Voting Rights

London, 13 December 2023 - Energean plc (LSE: ENOG, TASE: אנאג) announces
that it has received a conversion notice in respect of USD 50 million worth of
convertible loan notes from Kerogen Investments No. 38 Limited which will
result in the issuance of 4,422,013 new ordinary shares ("New Ordinary
Shares") at a conversion price of GBP 8.3843 per New Ordinary Share.

The New Ordinary Shares when issued will rank pari passu in all respects with
the existing ordinary shares. Application will be made for the admission of
the New Ordinary Shares to the premium listing segment of the Official List of
the Financial Conduct Authority and to trading on the Main Market for listed
securities of the London Stock Exchange plc (together, "Admission"). It is
anticipated that Admission will become effective on or around 20 December
2023. Application will also be made for the listing for trade of the New
Ordinary Shares on the Tel-Aviv Stock Exchange Ltd.

Total Voting Rights

Following Admission, the Company's issued share capital will comprise
183,480,959 ordinary shares.  As the Company does not hold any shares in
treasury, this figure of 183,480,959 ordinary shares 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 under the FCA's
Disclosure Guidance and Transparency Rules.

Enquiries

 

For capital markets: ir@energean.com (mailto:ir@energean.com)

 

Kate Sloan, Head of IR and
M&A
                   Tel: +44 7917 608 645

 

For media: pblewer@energean.com (mailto:pblewer@energean.com)

 

Paddy Blewer, Head of Corporate
Communications
Tel: +44 7765 250 857

 

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