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

Prospex EnergyAnnouncement

01/09/2023 07:00

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RNS Number : 9971K  Prospex Energy PLC  01 September 2023

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

 

1 September 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 a notice to convert an
aggregate of £104,745.81 in a convertible loan note in exchange for the issue
of 2,464,608 new ordinary shares of 0.1p each in the Company ("Ordinary
Shares").

 

The abovementioned convertible loan note was issued in July 2022 and is
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
2,464,608 new Ordinary Shares to trading on AIM ('Admission') as a result of
the above conversion.  Admission is expected to occur on or around 6
September 2023.  There are currently 304,835,746 Ordinary Shares in issue.
Following Admission there will be a total of 307,300,354 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 (Tel:+44) (0) 20 7236 1177
 Ritchie Balmer                                Strand Hanson Limited         Tel: +44 (0) 20 7409 3494

Rory Murphy
 Jerry Keen                                    Fox-Davies Capital Limited    Tel: +44 (0) 20 3884 7447
 Andrew Monk (Corporate Broking)               VSA Capital Limited           Tel: +44 (0) 20 3005 5000

Andrew Raca/Alex Cabral (Corporate Finance)
 Ana Ribeiro / Susie Geliher                   St Brides Partners Limited    Tel: +44 (0) 20 7236 1177

 

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