Exercise of options and issue of shares

RNS Number : 3860U

San Leon Energy PLC

17 January 2017

 

17 January 2017

San Leon Energy plc

("San Leon" or the "Company") 

Exercise of options and issue of shares

San Leon Energy plc, the AIM listed company focused on oil and gas development and appraisal in Africa and Europe, announces that it has issued and allotted 3,000,000 new ordinary shares of EUR 0.01 each ("New Ordinary Shares") to Robin Management Services and 4,000,000 New Ordinary Shares to DSA Investments Inc. in respect of options exercised relating to the OML 18 Production Agreement. The options were exercised at a price of 30 pence per share. The New Ordinary Shares will rank pari passu with the Company's existing ordinary shares.

The Company has made an application for the New Ordinary Shares to be admitted to trading on AIM. It is expected that admission to AIM will become effective and that dealings in these New Ordinary Shares will commence at 8.00 a.m. on 23 January 2017.

Following admission, the Company's enlarged issued share capital will comprise 450,025,720 Ordinary Shares, with voting rights. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares in the Company with voting rights will be 450,025,720 and 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 in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

Enquiries:

San Leon Energy plc	+ 353 1291 6292
Oisin Fanning, Chief Executive
SP Angel Corporate Finance LLP (Nominated adviser to the Company)	[phone]
Richard Morrison
Richard Hail
Soltan Tagiev
Whitman Howard Limited (Financial adviser to the Company)	[phone]
Nick Lovering
Brandon Hill Capital Limited (Joint broker to the Company)	[phone]
Oliver Stansfield
Jonathan Evans
Vigo Communications (Financial Public Relations)	[phone]
Chris McMahon
Alexandra Roper
Plunkett Public Relations	[phone]
Sharon Plunkett

www.sanleonenergy.com 

 

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