Andalas Energy and Power Plc, the AIM traded Indonesian focused oil and gas exploration company, has received notification from certain warrant holders to subscribe for 12,007,661 new ordinary shares in the Company at a price of 0.2 pence per bonus Warrant Share. In aggregate, the exercise of the bonus warrants amounts to a cash value of £24,015.30.
The Bonus Warrant Shares are expected to be admitted to trading on AIM on or about 7 June 2016 and will rank pari passu with the ordinary shares of the Company in issue.
Total voting rights:
The Company’s total issued capital, after the issue of the bonus Warrant Shares, will be 2,429,544,727 ordinary shares. As the Company does not hold any shares in Treasury, this figure may be used by shareholders in the Company 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 share capital of the Company following Admission.
**ENDS**
For further information, please contact:
| David Whitby | Andalas Energy and Power Plc | Tel: +62 21 2783 2316 |
| Sarah Wharry Craig Francis |
Cantor Fitzgerald Europe (Nominated Adviser and Joint Broker) |
Tel: +44 20 7894 7000 |
| Lucy Williams Charles Goodfellow |
Peterhouse Corporate Finance Limited (Joint Broker) |
Tel: +44 20 7469 0930 |
| Colin Rowbury | Cornhill Capital (Joint Broker) | Tel: +44 20 7710 9610 |
| Frank Buhagiar Susie Geliher |
St Brides Partners Limited | Tel: +44 20 7236 1177 |