Exercise of Warrants
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Petrel announces that, pursuant to the receipt of a warrant exercise notice, it has issued 1,000,000 new ordinary shares of EUR0.0125 each ("Ordinary Shares") at the exercise price of £0.018 per share ("New Shares"), providing gross proceeds of £18,000.
Admission and Total Voting Rights
An application will be made for the admission of the New Shares, which will rank pari passu with the existing ordinary shares in issue, to trading on AIM which is expected to occur on or around 9 January 2024 ("Admission").
Following Admission, there will be a total of 179,871,800 ordinary shares in issue with each ordinary share carrying the right to one vote. This 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 change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
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