Sirius Petroleum PLC Issue of Equity (6766Q)

TIDMSRSP

RNS Number : 6766Q

Sirius Petroleum PLC

21 February 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 of 12,820,512 new ordinary shares representing 0.35 per cent. of the Company's enlarged issued share capital.

Following the conversion of GBP50,000 of the European High Growth Opportunities Securitization Fund Convertible Note (announced on 15 January 2019), the Company is issuing 12,820,512 new ordinary shares at a price of 0.39 pence per share.

Application has been made for the Conversion Shares to be admitted to trading on AIM, which is expected to occur on, or around, 26th February 2019. Following the issue of the Conversion Shares, the Company will have 3,689,299,651 ordinary shares of 0.25 pence each in issue. No ordinary shares are held in treasury. The figure of 3,689,299,651 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   T: 020 7894 7000 
  (Nomad and Broker) 
  David Porter/Nick Tulloch 
 Gable Communications Limited       T: 020 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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February 21, 2019 02:01 ET (07:01 GMT)

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