TomCo Energy plc (LON:TOM), the oil shale exploration, development and technology group focused on using innovative technology to unlock unconventional hydrocarbon resources, has announced that it has received notice of exercise of warrants to subscribe for a total of 4,500,000 new ordinary shares of no par value each in the capital of the Company. The New Ordinary Shares are being issued at a price of 0.8 pence per share, for a total consideration to the Company of £36,000, and relate to warrants issued as part of the Company’s placing, announced on 2 July 2020.
The New Ordinary Shares will rank pari passu with the existing Ordinary Shares and application will be made for the New Ordinary Shares to be admitted to trading on AIM. It is expected that Admission will become effective and dealings in the New Ordinary Shares will commence at 8.00 a.m. on 31 July 2020.
Total Voting Rights
Upon Admission, the Company’s issued share capital will consist of 673,634,235 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 673,634,235. 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.
