Petroleum Africa
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Tuesday, May 9, 2017
Bowleven has applied for a block admission of 6,300,000 new ordinary shares of 10p each ordinary shares in the company to be admitted to trading on AIM. It is expected that admission will become effective on May 9.
The new ordinary shares will be allotted and issued pursuant to the exercise of options under the company’s employee share scheme arrangements and when issued, will rank pari passu with the existing ordinary shares in the company.
Further to the share admission Bowleven announced that it has received notice from Barclays Capital of its resignation as joint broker to the company, with immediate effect. Cenkos Securities plc will continue to act as the company’s nominated adviser and broker.
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