Sirius Petroleum PLC Issue of Equity (2103V)
January 26 2017 - 5:02AM
UK Regulatory
TIDMSRSP
RNS Number : 2103V
Sirius Petroleum PLC
26 January 2017
Sirius Petroleum Plc
("Sirius" or the "Company")
Convertible Loan Facility - Notice of Conversion to Equity
Issue of Equity
Sirius Petroleum (AIM:SRSP), the investing company focussed on
oil and gas exploration and development opportunities in Nigeria,
announces that it has received notification from Calvet
International Limited ("Calvet"), a family investment office, for
the conversion of GBP70,000 of the Company's Convertible Loan
Facility entered into on 8 May 2015 (the "Loan") into 14 million
new Ordinary Shares in accordance with the terms of the Loan.
Application has been made for the new Ordinary Shares to be
admitted to trading on AIM, which is expected to occur on, or
around, 31 January 2017. Following the issue of the new Ordinary
Shares, the Company will have 2,272,029,523 ordinary shares of 0.25
pence each in issue. No ordinary shares are held in treasury. The
figure of 2,272,029,523 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 Rules 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.
Enquiries:
Sirius Petroleum +44 20 3740 7640
Bobo Kuti / Jack Pryde
Cantor Fitzgerald Europe +44 20 7894 7000
Sarah Wharry / Craig Francis
Gable Communications +44 20 7193 7463
John Bick srsp@gablecommunications.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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