Further to its announcement dated 23 May 2017, Andalas confirms that the Tranche 2 Placing Shares, comprising 50,000,000 Placing Shares (as defined in the Announcement), is expected to occur and trading in the Tranche 2 Placing Shares is expected to commence at 8.00 am today, 7 June 2017.
Following Admission of the Tranche 2 Placing Shares, the Company will have an enlarged issued share capital of 3,093,167,975 ordinary shares and there are no shares held in treasury. This figure may be used by shareholders to determine if they are required to notify their interest in, or a change to their interest in, the Company.
**ENDS**
For further information, please visit www.andalasenergy.co.uk or 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 |
|
Jon Belliss
Frank Buhagiar |
Beaufort Securities Limited (Joint Broker) St Brides Partners Limited |
Tel: +44 20 7382 8415
Tel: +44 20 7236 1177 |