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Company Announcements

Exercise of Warrants

Related Companies

By LSE RNS

RNS Number : 4612S
Phoenix Global Resources PLC
03 October 2017
 

3 October 2017

 

Phoenix Global Resources plc

("Phoenix" or the "Company")

 

Exercise of Warrants

 

The Board of Phoenix (AIM: PGR; BCBA: PGR) announces that it has received notice from a warrant holder to exercise warrants to subscribe for 5,714 ordinary shares of 10 pence each (the "Shares") at a price of 26 pence per share. The Shares will rank pari passu with the Company's existing issued ordinary shares.

 

The Company has received £1,485.64 and application will be made for admission of the Shares to trading on AIM and dealings in the Shares are expected to commence at 8.00 a.m. on 6 October 2017.

 

Total Voting Rights

Following Admission of the 5,714 Shares, the total number of shares in issue will be 2,519,452,994. The Company does not hold any Shares in treasury. 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 Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Ends

Enquiries:

 

Phoenix Global Resources plc

Anuj Sharma, CEO

Philip Wolfe, CFO

T: +54 11 5258 7500

T: +44 (0) 207 839 4974

 

Stockdale Securities

 

Antonio Bossi

Ed Thomas

 

T: +44 (0) 207 601 6100

 

Panmure Gordon

 

Adam James

Atholl Tweedie

 

T: +44 (0) 207 886 2500

 

Camarco

 

Billy Clegg

Gordon Poole

James Crothers

 

T: +44 (0) 203 757 4980

 

About Phoenix:

Phoenix Global Resources is a London Stock Exchange (AIM: PGR) and Buenos Aires Stock Exchange (BCBA: PGR) listed independent Argentina focused oil and gas exploration and production company.  The Company has over 6.3 million licensed working interest acres in Argentina (of which over 5 million are operated), 61.7 million boe of working interest 2P reserves and average production of approximately 11,300 working interest boepd in 2016. Phoenix has significant exposure to the unconventional opportunity in Argentina through its 400,000 working interest acres with Vaca Muerta potential.

The Company's website is www.phoenixglobalresources.com


This information is provided by RNS
The company news service from the London Stock Exchange
 
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