23 November
2017
Altona Energy
plc
(“Altona” or “the Company”)
Placing to Raise
£735,000
The Board of Altona (AIM: ANR) is pleased to announce that it
has raised £735,000 before expenses through a placing of
147,000,000 new ordinary shares (“Placing Shares”) at an issue
price of 0.5p per share (the “Placing”).
The net proceeds of the Placing will primarily be used for
further exploration that the Company expects to be identified by
the recently commissioned report by Runge Pincock Minarco
Global.
Details of the Placing
The Placing Shares will rank pari passu with the existing
ordinary shares. An application has been made for the Placing
Shares to be admitted to trading on AIM which is expected to occur
on 28 November 2017
(“Admission”).
Director’s participation in the
Placing
Nick Lyth and Philip Sutherland, who are both directors of the
Company, are participating in the Placing subscribing for 4,000,000
and 2,000,000 ordinary shares respectively.
Participation by Substantial
Shareholders
Eaton Equities Limited (“Eaton”) and Leon Hogan have each subscribed for 5,000,000
ordinary shares each in the Placing. Following the issue of
the Placing Shares they will hold 13.8 per cent. each of the issued
share capital. As both Eaton and Leon
Hogan are substantial shareholders in the Company their
participation in the Placing is deemed a related party transaction
under the AIM Rules. The Directors of the Company consider,
having consulted with the Company's nominated adviser, Northland
Capital Partners Limited, that the participation in the Placing of
Eaton and Leon Hogan is fair and
reasonable insofar as the Company's shareholders are concerned.
Qinfu Zhang, Executive Chairman of Altona, commented, "We
are pleased to have raised this level of new funding with this
oversubscribed placing. This will strengthen our balance
sheet and provide the necessary capital to ensure that we execute
the early stages of our strategy and move the Company towards being
operational. In addition to being able to execute further
exploratory work, the placing provides sufficient working capital
for Altona for 12 months.”
Total Voting Rights
Following Admission, the Company’s enlarged issued share capital
will comprise 1,558,956,853 ordinary shares with voting
rights. The Company has no shares held in Treasury.
This figure of 1,558,956,853 ordinary shares 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 and Transparency Rules.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
| 1 |
Details of the person discharging
managerial responsibilities/person closely associated |
| a) |
Name |
Nick Lyth |
| 2 |
Reason for the notification |
| a) |
Position/status |
Non-Executive Director |
| b) |
Initial notification /Amendment |
Initial Notification |
| 3 |
Details of the issuer, emission
allowance market participant, auction platform, auctioneer or
auction monitor |
| a) |
Name |
Altona Energy Plc |
| b) |
Legal Entity Identifier |
2138002A5GU9BFS2I491 |
| 4 |
Details of the transaction(s): section
to be repeated for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place where
transactions have been conducted |
| a) |
Description of the financial
instrument, type of instrument
Identification code |
Ordinary shares of 0.01
pence each
GB00B06GJT32 |
| b) |
Nature of the transaction |
Purchase of shares |
| c) |
Currency |
GBP |
| d) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
| 0.5p |
4,000,000 |
|
| e) |
Aggregated information
- Aggregated volume
- Price
- Aggregated total |
0.5p
£20,000 |
| f) |
Date of the transaction |
22 November 2017 |
| g) |
Place of the transaction |
London Stock Exchange, AIM |
| 1 |
Details of the person discharging
managerial responsibilities/person closely associated |
| a) |
Name |
Phil Sutherland |
| 2 |
Reason for the notification |
| a) |
Position/status |
Non-Executive Director |
| b) |
Initial notification /Amendment |
Initial Notification |
| 3 |
Details of the issuer, emission
allowance market participant, auction platform, auctioneer or
auction monitor |
| a) |
Name |
Altona Energy Plc |
| b) |
Legal Entity Identifier |
2138002A5GU9BFS2I491 |
| 4 |
Details of the transaction(s): section
to be repeated for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place where
transactions have been conducted |
| a) |
Description of the financial
instrument, type of instrument
Identification code |
Ordinary shares of 0.01
pence each
GB00B06GJT32 |
| b) |
Nature of the transaction |
Purchase of shares |
| c) |
Currency |
GBP |
| d) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
| 0.5p |
2,000,000 |
|
| e) |
Aggregated information
- Aggregated volume
- Price
- Aggregated total |
0.5p
£10,000 |
| f) |
Date of the transaction |
22 November 2017 |
| g) |
Place of the transaction |
London Stock Exchange, AIM |
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
-ends-
For further information, please visit www.altonaenergy.com or
contact:
Enquiries
|
|
Leander (Financial
PR)
Christian Taylor- Wilkinson |
+44 (0)7795 168
157 |
Northland Capital
Partners Ltd (Nomad and Broker)
Matthew Johnson / Gerry Beaney (Corporate Finance)
John Howes (Corporate Broking)
|
+44 (0)20 3861
6625 |