The following announcement replaces the announcement issued by
the Company at
7.00 a.m. today, in the replacement
announcement the text “subject to the
completion of due diligence by NEX” in the first paragraph has been
deleted.
All other details remain unchanged.
The full amended text is shown below.
28 January
2019
Altona Energy
plc
("Altona" or the "Company")
Application for
Admission to the NEX Exchange Growth Market
Change of
Registered Office
Altona (AIM: ANR) announces that it has today applied for
admission of its entire issued share capital of 1,558,957 ordinary
shares of 10p each (“Ordinary Shares”) to trading on the NEX
Exchange Growth Market (“NEX”). Admission is expected to take
place on Friday 1 February 2019. The Company cannot guarantee
a successful outcome to the application process.
Company Information
Altona is an exploration company focused on the evaluation and
development of its significant coal resource exceeding 7 billion
tonnes (1.3 billion tonnes historic JORC compliant) in the northern
portion of the Permian Arckaringa Basin in South Australia. Through its wholly
owned Australian subsidiary Arckaringa Energy Pty Ltd, Altona holds
a 100% interest in three exploration licences covering 1,944 sq.
kms in the northern portion of the Permian Arckaringa Basin in
South Australia including three
coal deposits – Westfield (EL5676), Wintinna (EL5677) and
Murloocoppie (EL5678). All three deposits lie close to the
Adelaide to Darwin railroad and
the Stuart Highway.
The Company was admitted to trading on AIM on 10 March 2005. A copy of its admission
documents dated 4 March 2005 can be
accessed on its website, www.altonaenergy.com. This website
is where items can be inspected under Rule 75 of the NEX Rules for
Issuers, from 1 February 2019.
Further to the announcements made by the Company on 2 November 2018 and 16
January 2019 regarding the status of its nominated adviser
("Nomad"), the Board has concluded it is not in a position to
appoint a Nomad prior to the deadline of 1
February 2019. Therefore, trading in the Company's
shares on AIM is likely to be suspended on 1
February 2019 and on 4 March
2019 the admission of its AIM securities will be
cancelled.
The Ordinary Shares are eligible for CREST settlement.
There are no restrictions on the transfer of Ordinary Shares.
The Company is subject to the UK City Code on Takeovers and
Mergers. The Company holds no Ordinary Shares in
treasury.
Details of the Directors
Qinfu Zhang -
Executive Director
Mr Qinfu Zhang has over 30 years work experience in the fields
of clean energy and manufacturing. Mr Zhang holds the
position of chairman at Wintask Group Limited, Shaanxi Hailang
Group, Hlevel Co. Ltd, and Fu'an Biology Technology Co., Ltd.
Phillip George Sutherland - Operations
Director
Mr Sutherland tended his resignation to the board on
29 November 2018 and will leave the
Company on 29 January 2019.
Chi Ma - Non-Executive Director
Mr Ma is the nominated board representative of Sino-Aus Energy
Group Ltd and joined the board in March
2016. He holds a number of directorships in
China and has many years'
experience in various companies, including those within sectors
such as energy, engineering, real estate and technology. Mr Ma
brings a wealth of knowledge and business acumen to the Company
On admission to NEX a UK based non-executive director will be
appointed to the Board.
Sector classification
Mining
Change of Registered Office and
Principal Place of Business
The Company has changed its Registered Office with immediate
effect, to the following:
16 Finborough Road
London
SW10 9EQ
The Company’s principal place of business is South Australia.
Shareholder Information
The percentage of Ordinary Shares not in public hands as at
18 January 2019 is 35.23%.
Name of shareholder
/ director |
Number of
Ordinary Shares held |
Percentage of enlarged issued share capital |
Wintask Group
Ltd* |
230,000 |
14.75 |
Eaton Equities
Ltd |
215,000 |
13.79 |
Sino-Aus Energy Group
Limited* |
100,000 |
6.41 |
Philip Sutherland |
2,941 |
0.19 |
*Qinfu Zhang is the Chairman of Wintask Group Limited and
Chi Ma is the representative of
Sino-Aus Energy Group Limited.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
-ends-
For further information, please visit www.altonaenergy.com or
contact:
Altona Energy
plc
Qinfu Zhang, Executive Director |
+44 (0) 7795 168 157 |
Northland Capital
Partners Ltd (Nomad and Broker)
Matthew Johnson / Gerry Beaney (Corporate Finance)
Abigail Wayne (Corporate Broking) |
+44 (0) 20 3861 6625 |
Alfred Henry
Corporate Finance Ltd (Proposed NEX Exchange Corporate
Adviser)
Jon Isaacs / Nick Michaels |
+44 (0) 20 3772 0021 |
|
|
Leander (Financial
PR)
Christian Taylor- Wilkinson |
+44 (0) 7795 168 157 |
|
|
About Altona Energy
Altona’s principal focus is on the evaluation and development of
the Company’s flagship Arckaringa Project to exploit the
significant coal seams contained in three exploration licences in
the northern portion of the Permian Arckaringa Basin in
South Australia.