Premier Oil PLC Block Listing Applications (3237N)
August 07 2017 - 11:30AM
UK Regulatory
TIDMPMO
RNS Number : 3237N
Premier Oil PLC
07 August 2017
PREMIER OIL PLC
(the "Company", "Premier")
Block Listing Applications
Further to the announcement on 28 July 2017 regarding the
completion of its refinancing, Premier provides notification that
two block listing applications have been made for a total of
82,615,928 ordinary shares of 12.5 pence each in the Company to be
admitted to the Official List and to trading on the London Stock
Exchange's main market for listed securities.
The shares will be issued from time to time to satisfy the
exercise of outstanding warrants issued as part of the
refinancing:
-- Up to 64,518,909 ordinary shares in the Company pursuant to
the issue of equity warrants to its Private Lenders and Retail
Bondholders; and
-- Up to 18,097,019 ordinary shares in the Company pursuant to
the issue of equity warrants to its Convertible Bondholders.
Holders of equity warrants may elect for cashless exercise of
all or any number of their equity warrants, in which case, the
number of shares issued on exercise shall be reduced accordingly to
account for the exercise price which would otherwise have been
paid.
When issued, these shares will rank pari passu in all respects
with all existing ordinary shares in the Company. It is expected
that admission will become effective on 10 August 2017.
Following the admission of these shares, the exercise of equity
warrants will be covered by a block listing. The Company will
provide updates regarding the total number of shares in issue and
the number of warrants outstanding at the end of each month and at
other such times as required by the Listing Rules.
For further information please contact:
Enquiries
Premier Oil plc Tel: 020 7730 1111
Company Secretariat:
Daniel Rose
Investor Relations:
Natalie Fortescue
This information is provided by RNS
The company news service from the London Stock Exchange
END
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