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.
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
Join 80,000 oil and gas professionals who receive our weekly newsletter.
You may unsubscribe at any time with one click.
Upcoming OilVoice Training Course
Deriving Business Value from the Digital Oilfield
Course Summary This course will give you a high level overview of the digital oilfield from the perspectives of subsurface, drilling, production and export. The course is focussed on deriving true value from the investment in new technology and work processes without the hype that often accompanies ...
All OilVoice Training Courses