18:55 Wed 28 Feb 2018
Solo Oil Plc - Fund raising of £2m and TVR
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED TO CONSTITUTE INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO
("Solo" or the "Company")
Successful Fundraising of £2 million
The Company is pleased to announce that it has successfully closed the Offer and has raised gross proceeds of
Total Voting Rights
Following Admission, the Company will have 449,480,658 Ordinary Shares in issue with voting rights. The Company does not hold any Ordinary Shares in treasury and accordingly there are no voting rights in respect of any treasury shares. The aforementioned figure of 449,480,658 Ordinary Shares 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 a change to their interest in, the Company, under the disclosure requirements applicable to the Company.
"The net proceeds from the Fundraising will be used to fund the Company's acquisition of an additional 5% equity interest in
Enquiries:
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+44 (0) 20 7440 0642 |
Nominated Adviser and Joint Broker |
+44 (0) 20 7628 3396 |
Shore Capital Joint Broker
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+44 (0) 20 7408 4090
+44 (0)20 7382 8300 |
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+44 (0)20 7491 6519 |
Buchanan (PR)
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+44 (0) 20 7466 5000 |
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