REG - Lansdowne Oil & Gas - Warrant Amendment

Lansdowne Oil & GasAnnouncement

20/07/2023 17:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230720:nRST7105Ga&default-theme=true

RNS Number : 7105G  Lansdowne Oil & Gas plc  20 July 2023

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the retained EU law version
of 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. If you
have any queries on this, then please contact Steve Boldy, the Chief Executive
Officer of the Company (responsible for arranging release of this
announcement).

 

20 July 2023

Lansdowne Oil & Gas plc

("Lansdowne" or the "Company")

Warrant Amendment

 

Lansdowne Oil & Gas plc (AIM: LOGP), the North Celtic Sea focused oil and
gas company, is pleased to announce that, it has now formally agreed the
amendment to the LC Warrant Instrument in accordance with the terms set out in
the Equity Placing announcement of earlier today.

The amendment provides for the LC Warrants resulting from the equity placing
to be granted on admission of the Conditional Placing Shares to trading on AIM
(some of which would otherwise have been due for grant upon admission of the
Firm Placing Shares).

The Broker Warrants and the LC Warrants will not be granted until the issue of
the Conditional Placing Shares and as such are conditional upon, inter alia,
the passing of the Resolutions.

 

Related Party Transaction

As LC is a substantial shareholder in the Company as defined under the AIM
Rules for Companies (the "AIM Rules"), it is considered to be a Related Party
of the Company as defined under the AIM Rules and the amendments to the LC
Warrants (the "Warrant Amendments"), are considered to be a Related Party
Transaction pursuant to Rule 13 of the AIM Rules.

The Directors of the Company independent from the Warrant Amendments, being
the full Board, consider, having consulted with the Company's Nominated
Adviser, SP Angel Corporate Finance LLP, that the terms of the Warrant
Amendments are fair and reasonable insofar as the Company's Shareholders are
concerned.

All capitalised terms used in this announcement are as defined in the Equity
Placing announcement.

 

For further information please contact:

 Lansdowne Oil & Gas plc             +353 1 963 1760
 Steve Boldy

 SP Angel Corporate Finance LLP      +44 (0) 20 3470 0470
 Nominated Adviser and Joint Broker
 Stuart Gledhill
 Richard Hail

 Charlie Bouverat

 Tavira Financial Limited            +44 (0) 20 3192 1739
 Joint Broker
 Oliver Stansfield

 

 

Notes to editors:

 

About Lansdowne

Lansdowne Oil & Gas (LOGP.LN) is a North Celtic Sea focused, oil and gas
exploration and appraisal company quoted on the AIM market and head quartered
in Dublin.

For more information on Lansdowne, please refer to www.lansdowneoilandgas.com
(http://www.lansdowneoilandgas.com) .

 

 

 

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  MSCBUGDRRUDDGXG