EASTLEIGH, UK – i3 Energy plc (AIM:I3E)(TSX:ITE), an independent oil and gas company with assets and operations in the UK and Canada, announces that certain of its loan noteholders have exercised warrants over 9,051,927 ordinary shares (“Ordinary Shares”) in the Company. Application will be made for the Ordinary Shares to be admitted to trading on AIM and are expected to be admitted on 28 April 2023.
The Ordinary Shares will rank pari passu with the existing Ordinary Shares, including the right to receive all dividends and other distributions declared after the date of issue.
Following Admission of the Ordinary Shares, the Company will have 1,201,899,967 Ordinary Shares with a nominal value of £0.0001 each. Shareholders may use this figure of ordinary shares as the denominator by which they are required to notify their interest in, or change their interest in, the Company under the Disclosure Guidance and Transparency Rules.
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Enquiries:
|
i3 Energy plc |
c/o Camarco |
|
WH Ireland Limited (Nomad and Joint Broker) |
Tel: +44 (0) 207 220 1666 |
|
Tennyson Securities (Joint Broker) |
Tel: +44 (0) 207 186 9030 |
|
Stifel Nicolaus Europe Limited (Joint Broker) |
Tel: +44 (0) 20 7710 7600 |
|
Camarco |
Tel: +44 (0) 203 781 8331 |
Notes to Editors:
i3 Energy is an oil and gas Company with a low cost, diversified, growing production base in Canada’s most prolific hydrocarbon region, the Western Canadian Sedimentary Basin and appraisal assets in the North Sea with significant upside.
The Company is well positioned to deliver future growth through the optimisation of its existing 100% owned asset base and the acquisition of long life, low decline conventional production assets.
i3 is dedicated to responsible corporate practices and the environment, and places high value on adhering to strong Environmental, Social and Governance (“ESG”) practices. i3 is proud of its performance to date as a responsible steward of the environment, people, and capital management. The Company is committed to maintaining an ESG strategy, which has broader implications for long-term value creation, as these benefits extend beyond regulatory requirements.
i3 Energy is listed on the AIM market of the London Stock Exchange under the symbol I3E and on the Toronto Stock Exchange under the symbol ITE. For further information on i3 Energy please visit https://i3.energy/.
This announcement does not contain inside information.
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