Zephyr Energy PLC Exercise of warrants and change to TVR (8749N)

TIDMZPHR

RNS Number : 8749N

Zephyr Energy PLC

03 February 2021

Zephyr Energy plc

(the "Company" or "Zephyr")

Exercise of warrants and change to total voting rights

Zephyr Energy plc (AIM: ZPHR), the Rocky Mountain oil and gas company focused on responsible resource development, announces that it has received notice of exercise for warrants (issued in October 2020) ("Warrants") to subscribe for 1,100,000 new ordinary shares of 0.1 pence each ("New Ordinary Shares") in the Company at a price of 0.6875 pence per Ordinary Share.

Application will be made for the 1,100,000 New Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will occur on or around 8 February 2021.

Pursuant to AIM Rule 17, the Company announces that the shareholding of Origin Creek Energy LLC ("OCE") remains as 134,636,364 Ordinary shares but from Admission will represent 18.95% of the then issued share capital. Rick Grant, the Chairman of Zephyr, and Colin Harrington, the CEO of Zephyr are both shareholders and directors of OCE, and Colin Harrington is indirectly the controlling shareholder of OCE. Pursuant to the AIM Rules for Companies, Mr Harrington also has an interest in a further 703,936 Ordinary Shares and therefore his total interest in the Company is 135,340,300 Ordinary Shares which on Admission will represent 19.05% of the then issued share capital.

Upon Admission, the Company's issued share capital will consist of 710,521,105 Ordinary Shares with one voting right each. The Company does not hold any ordinary shares in treasury. Therefore, the total number of ordinary shares and voting rights in the Company will be 710,521,105. With effect from Admission, this figure may be used by shareholders in the Company 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 share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Contacts:

 
 Zephyr Energy plc                          Tel: +44 (0)20 7225 
  Colin Harrington (CEO)                                   4590 
  Chris Eadie (CFO) 
 Allenby Capital Limited - AIM Nominated    Tel: +44 (0)20 3328 
  Adviser                                                  5656 
  Jeremy Porter / Liz Kirchner 
 Turner Pope Investments - Broker           Tel: +44 (0)20 3657 
  Andy Thacker / Zoe Alexander                             0050 
 Flagstaff Strategic and Investor          Tel: +44 (0) 20 7129 
  Communications                                           1474 
  Tim Thompson / Mark Edwards / Fergus 
  Mellon

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