REG - Petroneft Resources - Share Issue

Petroneft ResourcesAnnouncement

11/05/2020 07:08

RNS Number : 3424M
  
Petroneft Resources PLC
  
11 May 2020
  
 

PetroNeft Resources plc
11th May 2020
 
PetroNeft Resources plc
("PetroNeft" or the "Group" or the "Company")
 
Share Issue
 
PetroNeft has settled outstanding liabilities owed to Dennis Francis totalling $200,000 through the issue of 10,471,204 new ordinary shares.
 
Resultant holdings of Mr Francis:
 







Ordinary Shares held prior to Share Issue


Share Issue


Resulting holding of Ordinary Shares


% of Issued Share Capital*




Dennis Francis


36,361,620


10,471,204


46,832,824


5.58%



                                                
 
*This percentage shareholding is based on a total shares now in issue figure of 839,357,061 ordinary shares.
 
The Company will apply for admission of the Shares to be traded on the AIM and Euronext Growth markets. It is expected that Admission will take place and that trading will commence on or around 14th May 2020.
 
 
 
 
 
For further information, contact:



David Sturt, CEO, PetroNeft Resources plc


+971 55 1919 808




John Frain/Brian Garrahy, Davy (NOMAD and Broker)     


+353 1 679 6363




Joe Heron / Douglas Keatinge, Murray Consultants


+353 1 498 0300



 


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 or visit www.rns.com.
 
  END
 
 
ALSUBUBRRUUVRAR