Regulatory Story
Go to market news section View chart   Print
Company Altona Energy PLC
TIDM ANR
Headline

Issue of Equity

Released 08:40 28-Jan-2013
Number 4743W08

RNS Number : 4743W
Altona Energy PLC
28 January 2013
 



28 January 2013

 

Altona Energy Plc

("Altona" or "the Company")

 

Issue of Equity

 

Altona Energy plc (AIM:ANR) announces that it has entered into an agreement for the placing of 90,300,000 new ordinary shares ('the Placing Shares') in the Company at an issue price of 1.5 pence per share to raise £1,354,500 before costs ('the Placing').  The Placing has been arranged by the Company's Broker, Old Park Lane Capital Plc ('OPL'), and will provide additional working capital for the Company.

 

Chris Lambert, Chairman, of the Company has participated in the placing on the same terms as all placees and his shareholding as a result of participating in the placing is as follows:

 

Director

Number of Ordinary Shares purchased

Number of Ordinary Shares following the admission of the placing shares

Percentage Holding of Total Issued Share

Capital following admission of the placing shares

Chris Lambert

(Executive Chairman)

333,333

6,433,333

1.14%

 

The Placing is conditional, inter alia, on the receipt of funds in respect of 47,966,667 shares by 31 January 2013 and by 11 February 2013 in respect of the remaining 42,333,333.   The Placing Shares will represent 16.07% of the Company's issued share capital immediately following the Placing.  The Placing Shares will rank pari passu in all respects with the existing ordinary shares of the Company. Application will be made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM and admission in respect of 47,966,667 is expected on or before 31 January 2013 and on or before 11 February 2013 in respect of the remaining 42,333,333.

 

Pursuant to the Placing, the Company has granted OPL 4,515,000 options to subscribe for ordinary shares in the Company, which will be exercisable at the Placing price of 1.5p per share.  The options granted to OPL will have a term of five years from the date of grant.

 

Following completion of the Placing, the Company's total issued share capital will be 561,956,853 ordinary shares.

 

For further information, please visit www.altonaenergy.com or contact:

 

Altona Energy Plc

Christopher Lambert, Chairman

Peter Fagiano, Executive Director

 

+44 (0) 20 7024 8391

WH Ireland Ltd

Adrian Hadden

James Bavister

 

+44 (0) 20 7220 1666

Old Park Lane Capital Plc

Michael Parnes

Luca Tenuta

 

+44 (0) 20 7493 8188

Tavistock Communications

Simon Hudson

Mike Bartlett

+44 (0) 20 7920 3150

 

-ends-


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IOENKFDNFBKKCDB
Close


London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

 


Issue of Equity - RNS