Gulf Keystone Petroleum: Exercise of Warrants
Further to the announcement on 16 September 2013 Gulf Keystone has been notified by Mirabaud Securities LLP ("the Warrant Holder") of the exercise of the balance of a Warrant, which was issued in lieu of a cash payment for placing fees in respect of the October 2010 fund raising, which entitles the Warrant Holder to subscribe for the remaining 500,000 new common shares of US$0.01 each ("Warrant Shares") granted pursuant to the Placing Agreement dated 15 October 2010 at a price of 140p raising £700,000.
The Company has now received payment of £700,000 and has applied for admission of the Warrant Shares to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings in the Warrant Shares will commence at 8.00 a.m. on 30 September 2013. The total number of common shares in issue, following issue of the Warrant Shares, and the total number of voting rights, will be 888,683,057.
The above figure of 888,683,057 common shares may be used by shareholders in the Company 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, Gulf Keystone under the FCA's Disclosure and Transparency Rules.
Join 80,000 oil and gas professionals who receive our weekly newsletter.
You may unsubscribe at any time with one click.
This article is for information and discussion purposes only and does not form a recommendation
to invest or otherwise. The value of an investment may fall. The investments referred to in this
article may not be suitable for all investors, and if in doubt, an investor should seek advice from
a qualified investment adviser. More
Upcoming OilVoice Training Course
Petroleum Geology of East Africa
The course reviews the key regional controls on petroleum systems and prospectivity across East Africa, assessing both the recent discoveries and the numerous frontier basins in the region. It emphasises the impact of the tectonic history of this most active part of the African plate on the generati...
All OilVoice Training Courses