Ncondezi Energy Limited Issue of Equity (3924L)
September 30 2016 - 10:04AM
UK Regulatory
TIDMNCCL
RNS Number : 3924L
Ncondezi Energy Limited
30 September 2016
Issue of Equity
30 September 2016: Ncondezi Energy Limited ("Ncondezi" or the
"Company") (AIM: NCCL) announces the receipt of an exercise notice
in relation to 450,000 share options granted to a former
employee.
The Company has issued and allotted 450,000 new ordinary shares
of no par value ("Ordinary Shares"). An application has been made
for the Ordinary Shares, which will rank pari passu with the
Company's existing ordinary shares, to be admitted to trading on
AIM with admission expected to take place at 8.00 am on 6 October
2016.
Following admission of the Ordinary Shares, the Company's
enlarged issued share capital will comprise 250,299,844 ordinary
shares with voting rights. 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 in their interest in, the share capital of the
Company under the FCA's Disclosure and Transparency Rules.
Enquiries
For further information please visit www.ncondezienergy.com or
contact:
+44 (0) 20 7183
Ncondezi Energy: Hanno Pengilly 5402
Liberum Capital
Limited: Neil Elliot / Christopher +44 (0) 20 3100
NOMAD & Broker Britton 2000
+44 (0) 20 3772
Bell Pottinger: Daniel Thöle 2555
Ncondezi Energy owns 100% of the Ncondezi Project which is
strategically located in the power generating hub of the country,
the Tete Province in northern Mozambique. The Company is developing
an integrated thermal coal mine and power plant in phases of 300MW
up to 1,800MW. The first 300MW phase is targeting domestic
consumption in Mozambique using reinforced existing transmission
capacity to meet current demand.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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