25 January 2023
Tlou Energy Limited
("Tlou" or "the Company")
Issue of Shares and Total Voting Rights
Pursuant to the placement announced on 15 December 2022, and following shareholder approval at the Company's general meeting on 18 January 2023, Tlou Energy Limited (AIM:TLOU) advises that 87,653,278 new ordinary shares ("New Shares") will be admitted to trading on AIM on or around 26 January 2023.
Directors have subscribed for New Shares as follows:
| Director | Number of shares subscribed | Resultant holding | Percentage of the enlarged issued share capital. |
| Martin McIver | 285,714 | 1,097,816 | 0.13% |
| Anthony Gilby | 6,510,420 | 41,000,000 | 4.94% |
| Colm Cloonan | 1,428,572 | 3,359,684 | 0.40% |
| Hugh Swire | 1,000,000 | 11,065,921 | 1.33% |
Total voting rights
Following the issue of the New Shares, the Company's enlarged share capital will comprise 830,715,710 ordinary shares of no par value. This figure may be used by shareholders 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 Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
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For further information regarding this announcement please contact:
| Tlou Energy Limited | +61 7 3040 9084 |
| Tony Gilby, Managing Director |
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| Solomon Rowland, General Manager |
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| Grant Thornton (Nominated Adviser) | +44 (0)20 7383 5100 |
| Harrison Clarke, Colin Aaronson, Ciara Donnelly |
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| Zeus Capital (UK Broker) | +44 (0)20 3829 5000 |
| Simon Johnson | |
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| Public Relations | |
| Ashley Seller | +61 418 556 875 |
About Tlou
Tlou is developing energy solutions in Sub-Saharan Africa through gas-fired power and ancillary projects. The Company is listed on the ASX (Australia), AIM (UK) and the BSE (Botswana). The Lesedi Gas-to-Power Project ("Lesedi") is 100% owned and is the Company's most advanced project. Tlou's competitive advantages include the ability to drill cost effectively for gas, operational experience and Lesedi's strategic location in relation to energy customers. All major government approvals have been achieved.
Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them
| 1 | Details of the person discharging managerial responsibility / person closely associated
| |
|
a) |
Name |
Colm Cloonan |
| 2 | Reason for the notification | |
|
a) |
Position/status |
Finance Director |
|
b) |
Initial notification/amendment |
Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
|
a) |
Name |
Tlou Energy Limited |
|
b) |
LEI |
213800SHI2BVAY1A4L52 |
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|
a) |
Description of the financial instrument, type of instrument |
Ordinary shares of no par value each in the capital of the Company | |
|
Identification code |
Ordinary share ISIN: AU000000TOU2 | ||
|
b) |
Nature of transaction |
Purchase of new ordinary shares pursuant to a placing | |
|
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
| Ordinary Shares issued for A$0.035 | 1,428,572 | ||
|
d) |
Aggregated information | ||
|
Aggregated volume |
| ||
|
Price |
| ||
|
e) |
Date of transaction |
25 January 2023 | |
|
f) |
Place of transaction |
Outside a trading venue | |
| 1 | Details of the person discharging managerial responsibility / person closely associated
| |
|
a) |
Name |
Anthony Gilby |
| 2 | Reason for the notification | |
|
a) |
Position/status |
Chief Executive Officer |
|
b) |
Initial notification/amendment |
Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
|
a) |
Name |
Tlou Energy Limited |
|
b) |
LEI |
213800SHI2BVAY1A4L52 |
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|
a) |
Description of the financial instrument, type of instrument |
Ordinary shares of no par value each in the capital of the Company | |
|
Identification code |
Ordinary share ISIN: AU000000TOU2 | ||
|
b) |
Nature of transaction |
Purchase of new ordinary shares pursuant to a placing | |
|
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
| Ordinary Shares issued for A$0.035 | 6,510,420 | ||
|
d) |
Aggregated information | ||
|
Aggregated volume |
| ||
|
Price |
| ||
|
e) |
Date of transaction |
25 January 2023 | |
|
f) |
Place of transaction |
Outside a trading venue | |
| 1 | Details of the person discharging managerial responsibility / person closely associated
| |
|
a) |
Name |
Martin McIver |
| 2 | Reason for the notification | |
|
a) |
Position/status |
Chair |
|
b) |
Initial notification/amendment |
Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
|
a) |
Name |
Tlou Energy Limited |
|
b) |
LEI |
213800SHI2BVAY1A4L52 |
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|
a) |
Description of the financial instrument, type of instrument |
Ordinary shares of no par value each in the capital of the Company | |
|
Identification code |
Ordinary share ISIN: AU000000TOU2 | ||
|
b) |
Nature of transaction |
Purchase of new ordinary shares pursuant to a placing | |
|
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
| Ordinary Shares issued for A$0.035 | 285,714 | ||
|
d) |
Aggregated information | ||
|
Aggregated volume |
| ||
|
Price |
| ||
|
e) |
Date of transaction |
25 January 2023
| |
|
f) |
Place of transaction |
Outside a trading venue | |
| 1 | Details of the person discharging managerial responsibility / person closely associated
| |
|
a) |
Name |
Hugh Swire |
| 2 | Reason for the notification | |
|
a) |
Position/status |
Non-Executive Director |
|
b) |
Initial notification/amendment |
Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
|
a) |
Name |
Tlou Energy Limited |
|
b) |
LEI |
213800SHI2BVAY1A4L52 |
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|
a) |
Description of the financial instrument, type of instrument |
Ordinary shares of no par value each in the capital of the Company | |
|
Identification code |
Ordinary share ISIN: AU000000TOU2 | ||
|
b) |
Nature of transaction |
Purchase of new ordinary shares pursuant to a placing | |
|
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
| Ordinary Shares issued for A$0.035 | 1,000,000 | ||
|
d) |
Aggregated information | ||
|
Aggregated volume |
| ||
|
Price |
| ||
|
e) |
Date of transaction |
25 January 2023 | |
|
f) |
Place of transaction |
Outside a trading venue | |
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