REG - Prospex Energy PLC - Conversion of Loan Notes and TVR

Prospex EnergyAnnouncement

15/02/2023 07:00

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RNS Number : 9241P  Prospex Energy PLC  15 February 2023

Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas

 

15 February 2023

 

Prospex Energy PLC

('Prospex' or the 'Company')

 

Conversion of Loan Notes and TVR

 

Prospex Energy PLC, the AIM-quoted investment company focused on European gas
and power projects, announces that it has received notices to convert an
aggregate of £104,783.91 in three convertible loan notes in exchange for the
issue of 2,465,506 new ordinary shares of 0.1p each in the Company ("Ordinary
Shares").

 

The abovementioned convertible loan notes were issued in July 2022 and are
convertible at 4.25p per share pursuant to a Convertible Loan Note Deed dated
18 July 2022.

 

Admission to Trading and Total Voting Rights

 

The Company has applied to the London Stock Exchange for the admission of
2,465,506 new Ordinary Shares to trading on AIM ('Admission') as a result of
the above conversion.  Admission is expected to occur on or around 20
February 2023.  There are currently 281,641,934 Ordinary Shares in issue.
Following Admission there will be a total of 284,107,440 Ordinary Shares in
issue.  This will be the number of Ordinary Shares that 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 the Company under the FCA's Disclosure and Transparency
Rules.

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR") and is disclosed
in accordance with the Company's obligations under Article 17 of MAR.

 

* * ENDS * *

 

 

For further information visit www.prospex.energy (http://www.prospex.energy)
or contact the following:

 

 

 Mark Routh                                    Prospex Energy PLC          Tel: +44 (0) 20 7236 1177
 Ritchie Balmer                                Strand Hanson Limited       Tel: +44 (0) 20 7409 3494

Rory Murphy
 Andrew Monk (Corporate Broking)               VSA Capital Limited         Tel: +44 (0) 20 3005 5000

Andrew Raca/Alex Cabral (Corporate Finance)
 Colin Rowbury                                 Novum Securities Limited    Tel: +44 (0) 20 7399 9427

Jon Belliss
 Susie Geliher                                 St Brides Partners Limited  Tel: +44 (0) 20 7236 1177

Ana Ribeiro

 

 

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