San Leon Energy PLC Issue of Equity   
RNS Number : 0715A


21 December 2017

Issue of Equity

San Leon announces that it has issued 43,976,232 ordinary shares of EUR 0.01 each in the Company (the "New Ordinary Shares") to Toscafund Asset Management LLP, Toscafund GP Limited and related entities (together, "Toscafund") in order to repay amounts drawn down by San Leon pursuant to the convertible loan facility announced on 19 December 2017. The conversion price per New Ordinary Share is 25 pence each. The New Ordinary Shares will rank pari passu in all respects with the issued ordinary shares of the Company. Following the issue of the New Ordinary Shares, Toscafund will hold 311,821,927 ordinary shares of EUR0.01 each ("Ordinary Shares") in the Company, representing 62.33 per cent of the Company's enlarged issued share capital.

Application for the New Ordinary Shares will be made to the London Stock Exchange and trading in these shares is expected to commence on or around 29 December 2017. Following the issue of the New Ordinary Shares, the total number of Ordinary Shares in issue will be 500,256,857 each with one voting right. No Ordinary Shares are held in treasury.

The above figure may be used by 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 Disclosure and Transparency Rules.

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

San Leon Energy plc
+ 353 1291 6292
Oisin Fanning, Chief Executive

SP Angel Corporate Finance LLP (Nominated Adviser)
+44 20 3470 0470
Richard Morrison
Ewan Leggat

Whitman Howard Limited (Financial adviser and Joint broker)
+44 20 7659 1234
Nick Lovering
Francis North

Brandon Hill Capital Limited (Joint broker to the Company)
+44 20 3463 5000
Oliver Stansfield
Jonathan Evans

Vigo Communications (Financial Public Relations) +44 20 7830 9700
Chris McMahon
Kate Rogucheva

Plunkett Public Relations
+353 1 280 7873
Sharon Plunkett   


This information is provided by RNS



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December 21, 2017 05:47 ET (10:47 GMT)


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