Exercise of Warrants
Borders & Southern Petroleum plc has announced the exercise of warrants by a holder, resulting in the issuance of 503,250 new ordinary shares at an exercise price of 10 pence per share, for a total cash inflow of £50,325. Following this issuance, the company's total issued share capital will comprise 879,315,411 ordinary shares, with no shares held in treasury, meaning the total number of voting rights will be 879,315,411.
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Borders & Southern Petroleum plc (AIM: BOR), the London based independent oil and gas exploration company with appraisal and exploration assets offshore the Falkland Islands, announces that it has received notification from a warrant holder to exercise warrants over 503,250 new ordinary shares of 1 pence each in the capital of the Company ("Warrant Shares") at the exercise price of 10 pence per Warrant Share, for an aggregate cash value of £50,325.
Application has been made for admission of the Warrant Shares to trading on AIM ("Admission") and it is expected that Admission will occur on or around 18 December 2025. The Warrant Shares will rank pari passu with the existing Ordinary Shares of 1 pence each in the capital of the Company.
Total Voting Rights
Following Admission, the total issued share capital of the Company will consist of 879,315,411 ordinary shares each with voting rights. The Company does not hold any ordinary shares in treasury. Therefore, the total number of voting rights in the Company will be 879,315,411 and this is the 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 in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.