Edenville Energy plc (AIM: EDL) announces that the Company has issued a total of 14,722,442 ordinary shares of 0.02p each in the Company ("Ordinary Shares") following receipt of a notice to exercise warrants ("New Ordinary Shares").
The Company has received notice from JIM Nominees Ltd to exercise 14,722,442 warrants at an exercise price of 0.60p each into 14,722,442 New Ordinary Shares. The total consideration received by the Company pursuant to the warrant exercise will be £88,334.65.
Included within the JIM Nominees Ltd warrant exercise are 1,111,111 warrants held beneficially by the Company's Chief Executive, Rufus Short. Following the exercise of these 1,111,111 warrants into Ordinary Shares, for a total consideration of £6,666.67, Rufus Short's holding in the Company will be 3,333,113 Ordinary Shares, equating to 0.30% of the Company's share capital as enlarged by the warrant exercise.
Application will be made for the 14,722,442 New Ordinary Shares, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM ("Admission"). Admission is expected to occur at 8.00 a.m. on 19 June 2017.
Following Admission, the Company will have 1,101,786,807 Ordinary Shares, with voting rights, in issue. This number 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 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