20th Feb 2012 15:58
20 February 2012
Altona Energy Plc (AIM:ANR)
Receipt of Funds
Further to the announcement of 20 January 2012, Altona Energy Plc ('Altona' or 'the Company'), the AIM listed energy company, announces the completion of the proposed placing of the 20,000,000 ordinary shares placed with Ms. Ran Sheng at 5.0 pence per share ("the Placing Shares"). The Company has applied for the Placing Shares to be admitted to trading on the AIM market of the London Stock Exchange and admission is expected to occur on 24 February 2012. The Placing Shares will rank pari passu with the Company's exiting ordinary shares.
Following admission, Ms. Ran Sheng will have an interest in 20,000,000 ordinary shares of the Company, representing approximately 4.43% of Altona's enlarged issued share capital.
The total number of ordinary shares in issue following admission will be 451,656,853.
**ENDS**
Altona Energy PlcChristopher Lambert, ChairmanChristopher Schrape, Managing Director Peter Fagiano, Executive Director |
+44 (0) 20 7024 8391
| |
Evolution Securities Ltd Neil Elliot |
+44 (0) 20 7071 4300 | |
Old Park Lane Capital Plc Michael Parnes Luca Tenuta |
+44 (0) 20 7493 8188 | |
Newgate Threadneedle Ltd Laurence Read Beth Harris |
+44 (0)20 7653 9850 | |
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Altona Energy