Andalas Energy and Power Plc, the AIM traded Indonesian focused energy company, provides a correction and clarification to the announcement made earlier today. Andalas confirms that admission of the Placing Shares to trading on AIM is now expected to occur in two tranches as follows:
- Admission of 550,000,000 Placing Shares (‘Tranche 1 Placing Shares’) is expected to occur and trading in the Tranche 1 Placing Shares is expected to commence at 8.00 am on 24 May 2017; and
- Admission of 50,000,000 Placing Shares (‘Tranche 2 Placing Shares’) is expected to occur and trading in the Tranche 2 Placing Shares is expected to commence at 8.00 am on 7 June 2017.
Following Admission of the Tranche 1 Placing Shares, the Company will have an enlarged issued share capital of 3,043,167,975 ordinary shares and there are no shares held in treasury. This figure may be used by shareholders to determine if they are required to notify their interest in, or a change to their interest in, the Company.
The Company will provide a further update following Admission of the Tranche 2 Placing Shares.
For further information, please visit www.andalasenergy.co.uk or contact:
|David Whitby||Andalas Energy and Power Plc||Tel: +62 21 2783 2316|
|Cantor Fitzgerald Europe
(Nominated Adviser and Joint Broker)
|Tel: +44 20 7894 7000|
Beaufort Securities Limited
St Brides Partners Limited
Tel: +44 20 7382 8415
Tel: +44 20 7236 1177