Block Energy PLC (LON:BLOE)

Block Energy PLC (LON:BLOE)

Share Price
9.93 p
-0.275 (-2.70 %)
Market Cap
£38.59 m
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Block Energy PLC RNS Release

Issue of Equity

RNS Number : 7308Z
Block Energy PLC
21 May 2019

21 May 2019


Block Energy PLC

("Block Energy" or "the Company")


Issue of Equity

Further to the announcement of 15 May 2019, Block Energy plc (AIM: BLOE), the exploration and production company focused on the Republic of Georgia, confirms that the 42,820,000 Firm Placing Shares have today been allotted. It is expected that the Firm Placing Shares will be admitted to trading on AIM ("First Admission") at 8.00 a.m. on 22 May 2019.

The 66,270,000 Conditional Placing Shares are expected to be allotted following the General Meeting scheduled for 4 June 2019, and it is expected that the Conditional Placing Shares will be admitted to trading on AIM "(Second Admission") at 8.00 a.m. on 5 June 2019.

Total Voting Rights

Following First Admission, the Company's issued share capital will comprise 318,951,218 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. 

Capitalised terms used, but not defined, in this announcement have the same meaning as in the 15 May 2019 announcement.

.For further information contact:



Paul Haywood

(Chief  Executive Officer)


Block Energy Plc

Tel: +44 (0) 20 3053 3631

Neil Baldwin

(Nominated Adviser)



Spark Advisory Partners Limited

Tel: +44 (0) 20 3368 3554

Peter Krens (Broker)



Mirabaud Securities

Tel: +44 (0) 20 7878 3362





Frank Buhagiar/Juliet Earl

(Financial PR)


St Brides Partners Ltd

Tel: +44 (0) 20 7236 1177
















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