logo-loader
viewBlock Energy PLC

Exercise of Warrants

/**/ h1{margin-top:24.0pt;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;text-align:justify;text-justify:inter-ideograph;text-indent:0cm;line-height:120%;font-size:14.0pt;font-family:"Arial","sans-serif";color:#365F91;}h2{margin-top:10.0pt;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;text-align:justify;text-justify:inter-ideograph;text-indent:0cm;line-height:120%;font-size:13.0pt;font-family:"Arial","sans-serif";color:#4F81BD;}h3{margin-top:10.0pt;margin-right:0cm;margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:120%;font-size:11.0pt;font-family:"Arial","sans-serif";color:#4F81BD;}ol{margin-bottom:0cm;}ul{margin-bottom:0cm;}link{ color: blue }visited{ color: purple } .ew{size:595.3pt 841.9pt;margin:70.9pt 56.65pt 70.9pt 2.0cm;}div.ew{}p.ft{margin-top:0cm;margin-right:0cm;margin-bottom:13.5pt;margin-left:0cm;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight: bold; margin-bottom: 6.0pt; text-align: center}span.fr{font-size:11.0pt;font-family:"Calibri","sans-serif";color:black}span.ec{}p.fu{margin-top:0cm;margin-right:0cm;margin-bottom:13.5pt;margin-left:0cm;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:6.0pt;text-align:justify;text-justify:inter-ideograph}span.fv{font-size:11.0pt;font-family:"Calibri","sans-serif"; color:black}p.fw{margin-top:0cm;margin-right:0cm;margin-bottom:13.5pt;margin-left:0cm;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom: 6.0pt; text-align: center}span.fx{color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt; font-weight: bold}p.fy{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;text-align:justify;text-justify:inter-ideograph;line-height:120%;font-size:11.0pt;font-family:"Arial","sans-serif";margin-bottom:0cm;margin-bottom:.0001pt} p.fz{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;text-align:justify;text-justify:inter-ideograph;line-height:120%;font-size:11.0pt;font-family:"Arial","sans-serif";margin-bottom:0cm;margin-bottom:.0001pt;line-height: normal;text-autospace:none}span.fk{font-family:"Calibri","sans-serif"}p.ga{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;text-align:justify;text-justify:inter-ideograph;line-height:120%;font-size:11.0pt;font-family:"Arial","sans-serif";line-height:normal}p.m,li.m,div.m{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;text-align:justify;text-justify:inter-ideograph;line-height:120%;font-size:11.0pt;font-family:"Arial","sans-serif";}span.gb{font-family:"Calibri","sans-serif"; color:black}table.gc{width:17.0cm;margin-left:-.25pt;border-collapse:collapse}td.ff{width:177.2pt;padding:0cm 0cm 0cm 0cm}p.gd{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;text-align:justify;text-justify:inter-ideograph;line-height:120%;font-size:11.0pt;font-family:"Arial","sans-serif";line-height: normal; margin-bottom: 0cm; text-align: left}td.fe{width:163.0pt;padding:0cm 0cm 0cm 0cm}td.fd{width:5.0cm;padding:0cm 0cm 0cm 0cm} span.ge{color: black; font-family: "Calibri","sans-serif"; font-weight: bold}p.gf{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;text-align:justify;text-justify:inter-ideograph;line-height:120%;font-size:11.0pt;font-family:"Arial","sans-serif";margin-bottom:0cm;margin-bottom:.0001pt;line-height: normal}span.fa{font-family:"Calibri","sans-serif";color:black}span.ey{color: blue; font-family: "Calibri","sans-serif"; text-decoration: underline}p.gg{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;text-align:justify;text-justify:inter-ideograph;line-height:120%;font-size:11.0pt;font-family:"Arial","sans-serif";line-height: normal; text-align: center} /**/
RNS Number : 7650X
Block Energy PLC
01 May 2019
 

Block Energy Plc
(the "Company")

1 May 2019

Exercise of Warrants

 

Block Energy Plc announces that it has today allotted 3,624,326 new ordinary shares of 0.25 pence each in the Company ("Ordinary Shares") pursuant to the exercise of warrants. Application has been made for the admission to trading on AIM ("Admission") for the new Ordinary Shares. The warrants exercised had an exercise price of 4 pence. The new Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares of the Company.  Admission of the new Ordinary Shares is expected on or around 8 May 2019.

 

Following Admission, the Company's issued share capital will comprise 275,906,218 Ordinary Shares which 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 Guidance and Transparency Rules.  The Company does not hold any shares in treasury.   

 

For more information, contact:

Paul Haywood

(Chief Executive Officer)

 

 

Block Energy Plc

Tel: +44 (0) 203 053 3631

Neil Baldwin

(Nominated Adviser)

 

 

Spark Advisory Partners Limited

Tel: +44 (0) 203 368 3554

Craig Fraser

(Joint Corporate Broker)

 

 

Baden Hill, a trading name of Northland Capital Partners Ltd

 

Tel: +44 (0) 207 933 8731

Colin Rowbury

(Joint Corporate Broker)

 

 

Novum Securities Ltd

Tel: +44 (0)207 399 9427

Frank Buhagiar/Juliet Earl

(Financial PR)

 

St Brides Partners Ltd

Tel: +44 (0) 207 236 1177

 

NOTES TO EDITORS

About Block Energy

Block Energy (BLOE.L) is an AIM quoted oil and gas company with a growing portfolio of production, development and exploration assets in the Republic of Georgia. Block holds a 100% WI in the producing Norio licence, a 90% WI in the producing Satskhenisi licence and a 71.5% WI in the West Rustavi licence, with an agreement to take a 100% WI.

 

For more information see www.blockenergy.co.uk

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
ALSBBGDUBDGBGCB

Quick facts: Block Energy PLC

Price: 4.6899

Market: AIM
Market Cap: £18.46 m
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Non-exec Chris Brown explains Block Energy's upcoming...

Chris Brown, industry veteran and non-executive director at Block Energy PLC (LON:BLOE), explains the thinking and aims of the upcoming drill programme at West Rustavi in Georgia. Georgia is an amazing geological structure, he explains to Proactive,  but unlike more uniform structures it...

on 13/8/19