Caspian Sunrise PLC ("Caspian Sunrise" or the "Company")
formerly Roxi Petroleum Plc
Baverstock Merger Completion
Further to the RNS dated 12 May 2017, Caspian Sunrise plc, the Central Asian oil and gas company, with a focus on Kazakhstan, is pleased to confirm that the Company expects that all conditions for the merger and the associated capitalisation of the $10.1 million Vertom loan, will be concluded by 1 June 2017.
Accordingly Caspian Sunrise has applied for 732,240,744 new Caspian Sunrise shares, representing 43.86 per cent 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 1,669,673,820.
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 Company under the FCA's Disclosure and Transparency Rules.
Ends
Caspian Sunrise plc +7 727 375 0202
Clive Carver
Executive Chairman
WH Ireland, Nominated Adviser & Broker +44 (0) 207 220 1666
James Joyce / James Bavister
Abchurch +44 (0) 2017 398 7700
Tim Thompson / Rebecca Clube
This announcement has been posted to:
https://www.caspiansunrise.com/investors/
