Baron Oil PLC Exercise of options and total voting rights (4741Q)
20 2월 2023 - 10:06PM
UK Regulatory
TIDMBOIL
RNS Number : 4741Q
Baron Oil PLC
20 February 2023
20 February 2023
Baron Oil Plc
("Baron", or the "Company")
Exercise of options and change to total voting rights
Baron Oil Plc (AIM:BOIL), the AIM-quoted oil and gas exploration
and appraisal company, announces that it has received notice for
the exercise of options to subscribe for 62,500,000 new ordinary
shares of 0.025p each in the Company ("Ordinary Shares"). These
options were originally granted to a previous Director of the
Company and have an exercise price of 0.1p per new Ordinary Share.
The exercise of these options will generate proceeds of GBP62,500
for the Company.
Application has been made for the 62,500,000 new Ordinary Shares
to be admitted to trading on AIM ("Admission") and it is expected
that Admission will occur on or around 23 February 2023.
Upon Admission, the Company's issued ordinary share capital will
consist of 18,982,760,428 Ordinary Shares with one voting right
each. The Company does not hold any Ordinary Shares in treasury.
Therefore, the total number of Ordinary Shares and voting rights in
the Company will be 18,982,760,428. With effect from Admission,
this figure 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 to their
interest in, the share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.
Following this exercise of options, Baron's entire Share Option
pool, which includes options granted to its Directors and a
subsidiary director, a previous Director and consultants to the
Company, will be equivalent to 6.66% of the Company's fully diluted
ordinary share capital*.
* Number of Ordinary Shares in issue upon Admission will be
18,982,760,428; fully diluted ordinary share capital, which
includes all share options, represents 20,340,260,428 Ordinary
Shares.
For further information, please contact:
Baron Oil Plc +44 (0) 20 7117 2849
Andy Yeo, Chief Executive
Allenby Capital Limited +44 (0) 20 3328 5656
Nominated Adviser and Broker
Alex Brearley, Nick Harriss, George Payne (Corporate
Finance)
Kelly Gardiner (Sales and Corporate Broking)
IFC Advisory Limited +44 (0) 20 3934 6630
Financial PR and IR baronoil@investor-focus.co.uk
Tim Metcalfe, Florence Chandler
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END
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(END) Dow Jones Newswires
February 20, 2023 08:06 ET (13:06 GMT)
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