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Anglo African O&G - Issue of Equity

RNS Number : 3604A
Anglo African Oil & Gas PLC
29 September 2020
 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 596/2014 ("MAR").

Anglo African Oil & Gas plc

("AAOG" or "the Company")

Issue of Equity

 

The Company announces that it has today issued 10,566,356 new ordinary shares of 0.1p each at a price of 0.2366p each in respect of the conversion by Riverfort Global Opportunities PCC Limited ("Riverfort") of £25,000 principal of the convertible loan note entered into between the Company and Riverfort on 10 June 2020.  Application has been made for the admission of the new ordinary shares to trading on AIM ("Admission") and dealings are expected to commence on 2 October 2020. 

On Admission, the Company will have 499,434,220 Ordinary Shares in issue and there are no shares held in treasury. Therefore, the Company's total number of Ordinary Shares with voting rights is 499,434,220.  The figure of 499,434,220 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 FCA's Disclosure Guidance and Transparency Rules.

 

 

Enquiries:

Anglo African Oil & Gas plc

[email protected]

Sarah Cope, Non-Executive Chair

 

 

 

finnCap Ltd (Nominated Adviser)

Tel: +44 20 7220 0500

Christopher Raggett, Giles Rolls, Teddy Whiley (Corporate Finance)

 

 

 

 

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Quick facts: Anglo African Oil & Gas PLC

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Market: AIM
Market Cap: -
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