Further to the RNS dated 12 May 2017, Caspian Sunrise plc, the Central Asian oil and gas company, with a focus on Kazakhstan, has confirmed that the company expects all conditions for the merger and the associated capitalisation of the US$10.1 million valued Vertom loan, will be finalised by the beginning of June 2017.
Accordingly Caspian Sunrise has applied for 7.32 million new Caspian Sunrise shares, representing 43.86% of the then enlarged shares in issue, to be admitted to trading on AIM and it is anticipated that trading in such shares will commence on or around 1 June 2017.
The total number of shares in issue following the issue of these shares will be 1.6 billion.
Caspian Sunrise has no shares in Treasury, therefore this figure may be used by shareholders, from admission, as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the xompany under the FCA's Disclosure and Transparency Rules.
Read the article online at: https://www.hydrocarbonengineering.com/refining/26052017/caspian-sunrise-finalises-merger/