Operational Update - Amendment
CSS Alpha exercises 6.3m warrants for nil consideration; 6.4m new shares admitted to LSE from 21 November.
- Warrants exercised 6,358,848
- New Ordinary Shares admitted 6,358,848
- Total Voting Rights post-admission 97,027,244
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The following amendment has been made to the OPERATIONAL UPDATE announcement released on 18 November 2024 at 07:00 under RNS No 4858M.
Total Voting Rights have been changed from 97,027,696 to 97,027,244.
All other details remain unchanged.
The full amended text is shown below.
Georgina Energy plc
("Georgina", "Georgina Energy" or the "Company")
Operational Update
Exercise of Warrants
The Company has received notice from CSS ALPHA FUND AIFLNP V.C.I.C. LTD ("CSS Alpha") to exercise 6,358,848 warrants for nil consideration following the recent resource upgrade reported on 17 October 2024 being a condition of their issue. The terms of the warrants were further detailed in the Company Prospectus dated 11 July 2024.
The Warrants were originally issued to CSS Alpha for providing an extension to a bridging loan in the 2024 financial year. Upon conversion, the shares are subject to a lock-in until January 2025.
Admission
The Company will seek admission of 6,358,848 new Ordinary Shares to trading on the Equity (transition) category of the Official List and the London Stock Exchange from 8.00 a.m. on 21 November 2024 ("Admission").
Total Voting Rights
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.