Block Energy Plc announces that it has today allotted 225,000 new ordinary shares of 0.25 pence each in the Company ("Ordinary Shares") pursuant to the exercise of a warrant. Application will be made for the admission to trading on AIM ("Admission") for the new Ordinary Shares. The warrant exercised had an exercise price of 4 pence, and amounts in aggregate to £9,000. 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 21 May 2019.
Following Admission, the Company's issued share capital will comprise 276,131,218 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:
(Chief Executive Officer)
Block Energy Plc
Tel: +44 (0) 203 053 3631
Spark Advisory Partners Limited
Tel: +44 (0) 203 368 3554
(Joint Corporate Broker)
Baden Hill, a trading name of Northland Capital Partners Ltd
Tel: +44 (0) 207 933 8731
(Joint Corporate Broker)
Novum Securities Ltd
Tel: +44 (0)207 399 9427
Frank Buhagiar/Juliet Earl
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
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