In accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, at 31 October 2022 the total number of Ordinary shares of 1p of the Company in issue is 543,683,031.
The above 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 Disclosure Guidance and Transparency Rules.
The Company does not hold any shares in Treasury.
The directors of Egdon Resources plc (AIM:EDR), a UK focused energy company, note yesterdays Written Ministerial Statement (WMS) from the Rt Hon Grant Schapps MP, Secretary of State for the Department of Business, Energy and Industrial Strategy, in which he reintroduced the moratorium on hydraulic fracturing for shale-gas.
Commenting, Mark Abbott, Managing Director of Egdon Resources plc, said:
“This is a highly disappointing and illogical move by the Government, just a few weeks after lifting the moratorium and at a time of an ongoing energy supply and cost crisis. The decision prevents the immediate development of a safe and secure indigenous source of gas and if maintained, locks the UK into long term reliance on more carbon intensive LNG imported from Qatar, the shale-gas fields of the USA and elsewhere.
We will continue to make the scientific and commercial case that shale-gas should be part of the long-term solution to the UK’s energy needs and that this can be done in a safe and environmentally sustainable manner whilst delivering material economic and geopolitical benefits for the UK.
Our shareholders can take some comfort from the fact that throughout this chaotic period of government, Egdon’s core conventional oil and gas business has continued to generate strong revenues and cash flow and that the fundamentals of the business remain strong.”
Egdon Resources plc (AIM:EDR), a UK focused energy company, will announce its preliminary results for the year ended 31 July 2022 on 8 November 2022.
The Company will host a live audiocast of the Results Presentation via the Investor Meet Company at 10:00am on 8 November.
The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via the Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.
Investors can sign up to Investor Meet Company for free and add to meet EGDON RESOURCES PLC via:
Investors who already follow EGDON RESOURCES PLC on the Investor Meet Company platform will automatically be invited.