Zephyr Energy PLC Exercise of warrants and change to TVR (1692D)
June 25 2021 - 6:23AM
UK Regulatory
TIDMZPHR
RNS Number : 1692D
Zephyr Energy PLC
25 June 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 November
2020) ("Warrants") to subscribe for 42,541,191 new ordinary shares
of 0.1 pence each ("Ordinary Shares") in the Company at a price of
0.6875 pence per new Ordinary Share and 19,868,455 new Ordinary
Shares at a price of 0.55 pence per new Ordinary Share.
Application has been made for the 62,409,646 new Ordinary Shares
to be admitted to trading on AIM ("Admission") and it is expected
that Admission will occur on or around 30 June 2021.
Pursuant to AIM Rule 17, the Company announces that the
shareholding of Origin Creek Energy LLC ("OCE") remains as
137,136,364 Ordinary Shares, which will from Admission represent
10.63% of the then issued enlarged share capital. Rick Grant, the
Chairman of Zephyr, and Colin Harrington, the Chief Executive
Officer 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 1,453,936 Ordinary Shares and therefore his
total interest in the Company is 138,590,300 Ordinary Shares which
on Admission will represent 10.74% of the then issued enlarged
share capital.
Upon Admission, the Company's issued share capital will consist
of 1,290,314,182 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 1,290,314,182. 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 / James Pope 0050
Flagstaff Strategic and Investor Communications
Tim Thompson / Mark Edwards / Fergus Tel: +44 (0) 20 7129
Mellon 1474
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END
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June 25, 2021 06:23 ET (10:23 GMT)
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