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Pennpetro Energy PLC (PPP)

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Friday 08 February, 2019

Pennpetro Energy PLC

Placing of shares

RNS Number : 5515P
Pennpetro Energy PLC
08 February 2019
 

For immediate release                                                                                                    8 February 2018

 

 

Pennpetro Energy Plc

("Pennpetro" or "the Company")

 

Placing of shares

 

Pennpetro, an independent oil and gas company focusing on production in the Gonzales Oil Field in Texas, USA, is pleased to announce that it has raised gross proceeds of approximately £800,000 through the placing of 1,433,702 shares of £0.01 each ("Placing Shares") at a price of £0.55 each.

 

Application will be made for admission of these 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 15 February 2019 and that dealings in such shares will commence at the same time.

 

Total Voting Rights

 

Following the issue of the Placing Shares, the Company's issued share capital will comprise 72,333,702 ordinary shares of £0.01 each.  The total number of voting rights in the Company following the issue of the Placing Shares will be 72,333,702. 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.

 

Enquiries

 

Pennpetro Energy Plc

88 Whitfield Street

First Floor

London

W1T 4EZ

 

[email protected]  

 

Instinctif

 

 

David Simonson

[email protected]

+44 (0)20 7457 2020

George Yeomans

[email protected]

+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 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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