|Resolution 1||329,433,660||319,415,977 (97%)||10,017,683 (3%)|
|Resolution 2||329,433,660||319,415,977 (97%)||10,017,683 (3%)|
Update on admission of new ordinary shares
Following the passing of the Resolutions, the Company advises that Admission of 715,384,615 New Ordinary Shares; will occur on 1 September 2017 at 8.00 a.m.
For the purposes of the Disclosure and Transparency Rules, the total number of voting rights in the Company with effect from 1 September 2017 will be 4,708,552,590.
This figure may be used by Shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change of their interest in, the Company under the FCA’s Disclosure and Transparency Rules.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (‘MAR). Upon the publication of this announcement via a Regulatory Information Service (‘RIS’), this inside information is now considered to be in the public domain.
For further information, please contact:
|David Whitby||Andalas Energy and Power Plc||Tel: +62 21 2783 2316|
|Sarah Wharry||Cantor Fitzgerald Europe
(Nominated Adviser and Joint Broker)
|Tel: +44 20 7894 7000|
|Jon Belliss||Beaufort Securities Limited
|Tel: +44 20 7382 8415|
|St Brides Partners Limited||Tel: +44 20 7236 1177|
Notes for Editors:
Andalas Energy and Power plc
Andalas is a developer of independent power generation capacity in Indonesia. It has partnered with key Indonesian State-owned enterprises, PT Pertamina (Persero) and PT PP Energi (“PPE”). Andalas and PPE are developing their first project, Jambi-1, a 30+MW power project in Jambi Provence, South Sumatra. Andalas is seeking to develop a series of power projects with a total generating capacity of more than 500MW.