Block listing Interim Review

RNS Number : 5783F

Trinity Exploration & Production

16 July 2021

 

Trinity Exploration & Production plc

('Trinity' or the 'Company' or the 'Group')

Block listing Interim Review

Trinity Exploration & Production plc (AIM: TRIN), the independent E&P company focused on Trinidad and Tobago, provides its block listing update in respect of its existing block listing:

Name of applicant:		Trinity Exploration & Production plc
LEI:		213800WHW7571LAEDG63
Name of scheme:		Trinity's Long Term Incentive Plan
Period of return:	From:	16 January 2021	To:	15 July 2021
Balance of unallotted securities under scheme(s) from previous return:		3,114,362 ordinary shares of USD 0.01 each in the Company
Plus:    The amount by which the block scheme(s) has been increased since the date of the last return (if any increase has been applied for):		None
Less:    Number of securities issued/allotted under scheme(s) during period (see LR3.5.7G):		Zero ordinary shares of USD 0.01 each in the Company
Equals:    Balance under scheme(s) not yet issued/allotted at end of period		3,114,362 ordinary shares of USD 0.01 each in the Company

The number of shares under the existing block listing has been reduced by a factor of 10 following the capital reorganisation, announced on 26 May 2021, pursuant to which the Company's issued share capital was reduced from 388,794,303 to 38,879,431 Ordinary Shares of US$0.01 each.

Enquiries

For further information please visit www.trinityexploration.com or contact:

Trinity Exploration & Production plc	[phone]
Bruce Dingwall CBE, Executive Chairman Jeremy Bridglalsingh, Managing Director Tracy Mackenzie, Corporate Development Manager
SPARK Advisory Partners Limited (Nominated Adviser and Financial Adviser)	[phone]
Mark Brady James Keeshan
Cenkos Securities PLC (Broker)
Leif Powis Neil McDonald	[phone] [phone]
Walbrook PR Limited	[phone]
Nick Rome/Nicholas Johnson	[e-mail]

About Trinity ( www.trinityexploration.com ) Trinity is an independent production company focused solely on Trinidad and Tobago.  Trinity operates producing and development assets both onshore and offshore, in the shallow water West and East Coasts of Trinidad. Trinity's portfolio includes current production, significant near-term production growth opportunities from low risk developments and multiple exploration prospects with the potential to deliver meaningful reserves/resources growth.  The Company operates all of its nine licences and, across all of the Group's assets, management's estimate of 2P reserves as at the end of 2020 was 19.55 mmbbls. Group 2C contingent resources are estimated to be 23.25 mmbbls. The Group's overall 2P plus 2C volumes are therefore 42.80 mmbbls.

Trinity is quoted on the AIM market of the London Stock Exchange under the ticker TRIN.

 

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