San Leon Energy PLC Issue of Equity (0715A)

TIDMSLE

RNS Number : 0715A

San Leon Energy PLC

21 December 2017

San Leon Energy plc

("San Leon" or the "Company")

Issue of Equity

San Leon announces that it has issued 43,976,232 ordinary shares of EUR 0.01 each in the Company (the "New Ordinary Shares") to Toscafund Asset Management LLP, Toscafund GP Limited and related entities (together, "Toscafund") in order to repay amounts drawn down by San Leon pursuant to the convertible loan facility announced on 19 December 2017. The conversion price per New Ordinary Share is 25 pence each. The New Ordinary Shares will rank pari passu in all respects with the issued ordinary shares of the Company. Following the issue of the New Ordinary Shares, Toscafund will hold 311,821,927 ordinary shares of EUR0.01 each ("Ordinary Shares") in the Company, representing 62.33 per cent of the Company's enlarged issued share capital.

Application for the New Ordinary Shares will be made to the London Stock Exchange and trading in these shares is expected to commence on or around 29 December 2017. Following the issue of the New Ordinary Shares, the total number of Ordinary Shares in issue will be 500,256,857 each with one voting right. No Ordinary Shares are held in treasury.

The above figure may be used by shareholders 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 Company, under the Disclosure and Transparency Rules.

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

 
                                        + 353 1291 
 San Leon Energy plc                     6292 
 Oisin Fanning, Chief Executive 
 
 SP Angel Corporate Finance LLP         +44 20 3470 
  (Nominated adviser)                   0470 
 Richard Morrison 
 Ewan Leggat 
 Soltan Tagiev 
 
 Whitman Howard Limited (Financial      +44 20 7659 
  adviser and Joint Broker)             1234 
 Nick Lovering 
 
 Brandon Hill Capital Limited (Joint    +44 203 463 
  broker)                               5000 
 Oliver Stansfield 
 Jonathan Evans 
 
 Vigo Communications (Financial         +44 207 830 
  Public Relations)                     9700 
 Chris McMahon 
 Alexandra Roper 
 
                                        +353 1 280 
 Plunkett Public Relations               7873 
 Sharon Plunkett

This information is provided by RNS

The company news service from the London Stock Exchange

END

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