Hurricane warrants exercised

Hurricane Energy has confirmed that all warrants granted to Stifel Nicolaus Europe on 12 May have been exercised.

Hurricane said there were no further warrants in issue and the scheme had now lapsed.

It said that of the ordinary shares arising from the exercise of the warrants, 5,500,000 were sold in the market by Stifel between 12 May and 16 May.

The remaining 19,500,000 ordinary shares were placed yesterday with institutional shareholders of the company by Cenkos and Stifel at 51p apiece.

Hurricane said the aggregate net proceeds to the company from the warrant scheme totalled £12,735,177.

At 9:23am: (LON:HUR) Hurricane Energy Plc Ord 0.1p share price was +1.63p at 54.13p