Brokers Fee

RNS Number : 9848G
Pennpetro Energy PLC
21 November 2022
 

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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, OR JAPAN

 

This announcement is not an offer for sale, or a solicitation of an offer to acquire, securities in any jurisdiction, including in or into the United States, Canada, Australia, or Japan. Neither this announcement nor any part of it shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever.

 

 

Pennpetro Energy PLC

("Pennpetro", the "Company" or the "Group")

 

Brokers Fee

 

London, 21 November 2022 - Pennpetro Energy PLC ("Pennpetro"), an independent oil and gas company focusing on production in the Gonzales Oil Field in Texas, USA, today announces that p ursuant to the appointment of Arden Partners as a joint broker to the Company , t he Company has issued 94,697 ordinary share of £0.01 each as consideration to Arden for services (Fee Shares). Application will be made for admission of the Fee Shares to the standard listing segment of the Official List and for admission to trading on the London Stock Exchange's Main Market for listed securities. It is expected that admission will take place at 8.00am on 23 rd  November 2022 and that dealings in such shares will commence at the same time.

Total   Voting   Rights

Following the issue of the Fee Shares, the Company's issued share capital will comprise 84,499,089 ordinary shares of £0.01 each. The total number of voting rights in the Company following the issue of the Fee Shares will be 84,499,089. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interests in, or a change to their interest in, the share capital of the Company under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.

 

 

-ENDS-

 

This announcement contains inside information within the meaning of Article 7(1) of (i) Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014, as amended (the "EU Market Abuse Regulation") and (ii) the EU Market Abuse Regulation as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018.

 

Enquiries

 

Pennpetro Energy PLC

 

T om Evans, CEO

tme@pennpetroenergy.co.uk

 

 

Arden Partners Plc

 

Simon Johnson

+44 (0) 207 614 5900

Ruari McGirr

 

 

 

Peterhouse Capital Limited

 

Lucy Williams

+44 (0) 20 7469 0930

Duncan Vasey

+44 (0) 20 7220 9797

 

 

Instinctif Partners

 

Galyna Kulachek

pennpetro@instinctif.com

Sarah Hourahane

+44 (0) 20 7457 2020

 

 

NOTES TO EDITORS

 

Pennpetro Energy is an independent oil and gas company focusing on production in the Gonzales Oil Field in Texas, USA. Shares in the company were admitted to the Official List of the London Stock Exchange by way of a Standard Listing on 21 December 2017.

 

Further information on the Company can be found at www.pennpetroenergy.co.uk

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