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RNS Number : 5666N

Sirius Petroleum PLC

21 January 2019

21 January 2019

Sirius Petroleum Plc

(the "Company" or "Sirius ")

Issue of Equity

Sirius Petroleum (AIM: SRSP), the Nigeria-focused oil and gas development and production company, announces the issue in aggregate of 91,941,910 New Ordinary Shares representing 2.52 per cent of the Company's enlarged issued share capital.

Following the conversion of GBP240,000 of the European High Growth Opportunities Securitization Fund Convertible Note (announced on 15 January 2019) the Company is issuing 7,272,727 new ordinary shares at a price of 0.55 pence per share and 37,735,849 new ordinary shares at a price of 0.53 pence per share. In addition, a further 46,933,334 new ordinary shares have been placed with existing shareholders at a price of 0.6 pence per ordinary share (the "Placing") raising proceeds of GBP281,600 (gross).

Application has been made for the Placing and Conversion Shares to be admitted to trading on AIM, which is expected to occur on, or around, 24 January 2019. Following the issue of the Placing and Conversion Shares, the Company will have 3,647,907,711 ordinary shares of 0.25 pence each in issue. No ordinary shares are held in treasury. The figure of 3,647,907,711 ordinary shares may be used by the Company's 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 Financial Conduct Authority's Disclosure and Transparency Rules.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

Ends

 
 Enquiries: 
 Sirius Petroleum plc                      T: 020 3740 7460 
  Bobo Kuti, CEO 
  Mark Henderson, CFO 
 Cantor Fitzgerald Europe Limited (Nomad   T: 020 7894 7000 
  and Broker) 
  David Porter/Nick Tulloch 
 Gable Communications Limited              +44 20 7193 7463 
  John Bick                                 srsp@gablecommunications.com

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 rns@lseg.com or visit www.rns.com.

END

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