Andalas Energy and Power Plc Correction: Issue of Warrants

 
TIDMADL 
 
Andalas Energy and Power Plc 
                         ('Andalas', or the 'Company') 
 
                         Correction: Issue of warrants 
 
The following has been amended in the "Issue of Warrants" announcement released 
on 6 December at 9:01am. 
 
"The warrants have been issued with a 5 year term with a strike price of 0.5 
pence per share; the basis of calculation being a 25% premium to the closing 
bid price (previously announced exercise price was 0.54375 being a 25% premium 
to the closing mid-market price)." 
 
 Has been amended to: 
 
"The warrants have been issued with a 5 year term with a strike price of 0.05 
pence per share; the basis of calculation being a 25% premium to the closing 
bid price (previously announced exercise price was 0.054375 pence per share 
being a 25% premium to the closing price)." 
 
 All other information within the announcement remains unchanged. The full 
amended text appears below. 
 
                         Andalas Energy and Power Plc 
                         ('Andalas', or the 'Company') 
 
                               Issue of warrants 
 
Further to the Company's announcement of 27 November regarding the equity 
investment of GBP500,000 and provision of a convertible loan note facility of up 
to GBP2 million by 1798 Volantis Fund Ltd ("Volantis"), 638,569,604 warrants over 
ordinary shares have been issued to Volantis. 
 
The warrants have been issued with a 5 year term with a strike price of 0.05 
pence per share; the basis of calculation being a 25% premium to the closing 
bid price (previously announced exercise price was 0.054375 being a 25% premium 
to the closing price). 
 
The Company also confirms that it has received the GBP500,000 subscription 
proceeds and notes today's notification of major holdings announcement by 
Lombard Odier Asset Management (Europe) Limited that they are the beneficial 
owner of the entire subscription amount. 
 
The information contained within this announcement is deemed by the Company to 
constitute inside information as stipulated under the Market Abuse Regulations 
(EU) No. 596/2014 ('MAR').  Upon the publication of this announcement via a 
Regulatory Information Service ('RIS'), this inside information is now 
considered to be in the public domain. 
 
For further information, please contact: 
 
David Whitby  Andalas Energy and Power Plc            Tel: +62 21 2783 2316 
 
Sarah Wharry  Cantor Fitzgerald Europe                Tel: +44 20 7894 7000 
              (Nominated Adviser and Joint Broker) 
 
 
 
END

(END) Dow Jones Newswires

December 06, 2017 12:58 ET (17:58 GMT)

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