TomCo Energy PLC Warrant Exercise (1927T)
November 23 2021 - 2:00AM
UK Regulatory
TIDMTOM
RNS Number : 1927T
TomCo Energy PLC
23 November 2021
23 November 2021
TOMCO ENERGY PLC
("TomCo" or the "Company")
Warrant Exercise
TomCo Energy plc (AIM: TOM), the US operating oil development
group focused on using innovative technology to unlock
unconventional hydrocarbon resources, announces that it has
received a notice of exercise of broker warrants to subscribe for a
total of 46,666,666 new ordinary shares of no par value each in the
capital of the Company ("Ordinary Shares") (the "New Ordinary
Shares"). The New Ordinary Shares are being issued at a price of
0.45 pence per share, for a total consideration to the Company of
GBP210,000 and relate to warrants issued as part of the Company's
placing, announced on 16 November 2020.
The New Ordinary Shares will rank pari passu with the existing
Ordinary Shares and application will be made for the New Ordinary
Shares to be admitted to trading on AIM ("Admission"). It is
expected that Admission will become effective and dealings in the
New Ordinary Shares will commence at 8.00 a.m. on 30 November
2021.
Total Voting Rights
Upon Admission, the Company's issued share capital will consist
of 1,498,078,678 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 1,498,078,678. 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.
Enquiries :
TomCo Energy plc
Malcolm Groat (Chairman) / John Potter (CEO) +44 (0)20 3823 3635
Strand Hanson Limited (Nominated Adviser)
James Harris / Matthew Chandler +44 (0)20 7409 3494
Novum Securities Limited (Broker)
Jon Belliss / Colin Rowbury +44 (0)20 7399 9402
IFC Advisory Limited (Financial PR)
Tim Metcalfe / Florence Chandler +44 (0)20 3934 6630
For further information, please visit www.tomcoenergy.com .
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 as it forms part of
United Kingdom domestic law by virtue of the European Union
(Withdrawal) Act 2018.
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END
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