REG - Prospex Energy PLC - Exercise of Options and TVR

Prospex EnergyAnnouncement

22/09/2022 07:16

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RNS Number : 1948A  Prospex Energy PLC  22 September 2022

 

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

 

22 September 2022

 

Prospex Energy PLC

('Prospex' or the 'Company')

 

Exercise of Options and TVR

Exercise of Options Generates £70,640

 

 

Prospex Energy PLC, the AIM-quoted investment company focused on European gas
and power projects, announces that it has received notices for the exercise of
options to subscribe for 1,766,013 new ordinary shares of 0.1p each in the
Company ("Ordinary Shares").  The options were issued pursuant to option
agreements dated 20 July 2020 and have been exercised by three former
employees of the Company, two of whom are past directors.  The exercise price
is 4 pence per option exercised, therefore generating proceeds of £70,640.52
for the Company.

 

Admission to Trading and Total Voting Rights

 

The Company has applied to the London Stock Exchange for admission of
1,766,013 new Ordinary Shares to trading on AIM ('Admission').  Admission is
expected to occur on or around 27 September 2022.  There are currently
265,693,365 Ordinary Shares in issue.  Following Admission, there will be a
total of 267,459,378 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
 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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