Edenville Energy plc (AIM:EDL), the company developing a coal project in south west Tanzania is pleased to announce at a General Meeting of the Company’s shareholders held earlier today, all resolutions were duly passed.
Following the passing of the resolutions and pursuant to subscription agreements between the Company and certain investors, 227,218,268 new ordinary shares (the “Second Subscription Shares”), together with 113,609,134 Warrants have been allotted at the issue price of 0.8 pence per new ordinary share for an aggregate subscription value of £1,817,746.14 before expenses. Application has been made for the 227,218,268 Second Subscription Shares, which rank pari passu with the Company’s existing issued ordinary shares, to be admitted to trading on AIM, which is expected to occur at 8.00 a.m. on 23 March 2017.
Total Voting Rights
Following Admission of the Second Subscription shares, the total issued share capital of the Company will comprise 1,074,286,587 ordinary shares of 0.02p each, each share carrying the right to one vote. The Company does not hold any ordinary shares in treasury. This figure of 1,074,286,587 ordinary shares may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority’s Disclosure and Transparency Rules.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
For further information please contact:
Edenville Energy Plc
Jeff Malaihollo – Chairman
Rufus Short – CEO
+44 (0) 20 7652 9788
Northland Capital Partners Limited
+44 (0) 20 3861 6625
Optiva Securities Limited
+44 (0) 20 3137 1902
(Financial PR and IR)
+44 (0) 20 3053 8671