Sunda Energy plc will issue 11,763,447 new ordinary shares of 0.1 pence each, following notice from Alumni Capital Ltd to convert £100,000 of the outstanding drawn-down principal amount of its loan notes, plus a £10,000 finance charge.
TVRs
The company has additionally granted to Alumni a total of 6,786,604 CLN warrants entitling the holder to subscribe for one ordinary share at a price of 1.21563 pence each.
Following admission, Sunda’s total issued share capital will comprise 456,529,605 ordinary shares.
The company does not hold any ordinary shares in treasury.
Sunda holds gas interests offshore Timor-Leste, the Philippines and onshore New Zealand.