23 October 2015
LENI GAS CUBA LIMITED
(“LGC” or the “Company”)
Application for Admission to ISDX Growth Market, Subscription
and Publication of Admission Document
The Directors of Leni Gas Cuba Limited (TIDM: CUBA) are pleased to announce
that, further to the announcement of 16 October 2015, the Company has today
completed the subscription to raise an additional £200,000 at 5p per Share,
conditional on Admission to the ISDX Growth Market (“Admission”). This brings the
total subscriptions raised by the Company since incorporation to £4.725 million.
Accordingly it has applied for the admission of 494,000,001 ordinary shares of no par
value each (the “Shares”) to the ISDX Growth Market. The Company has today
published its Admission document (the “Admission Document”) in connection with
Admission.
The expected date of Admission to ISDX is 2 November 2015.
Accordingly the Company provides the following updated information in connection
with the Admission.
Shareholders
Shareholder
As at the date of the
Admission Document
Number of
Percentage of
Shares
issued share
capital
David Lenigas
Donald Strang
JIM Nominees Ltd
Jeremy Edelman
140,000,001
70,000,000
62,575,000
40,000,000
Global Investment
Strategy UK Ltd
Eddie Jordan
Cornhill Capital
Limited
On Admission
Number of
Shares
Percentage of
Enlarged
Issued Shares
28.6%
14.3%
12.8%
8.2%
141,000,001
71,000,000
62,575,000
40,500,000
28.5%
14.4%
12.7%
8.2%
20,000,000
4.1%
20,500,000
4.1%
17,500,000
15,975,000
3.6%
3.3%
17,500,000
15,975,000
3.5%
3.2%
The percentage of securities in public hands is expected to be 35.5% on Admission.
There are no restrictions on the transfer of Leni Gas Cuba Limited’s Shares.
The directors of Leni Gas Cuba Limited accept responsibility for this announcement.
COMPANY CONTACT DETAILS:
Leni Gas Cuba Limited
38 Jermyn Street
London
SW1Y 6DN
Telephone +44 (0) 20 7440 0640
www. lenigascuba.com or www.lg-cuba.com
A copy of this announcement and the Admission Document will be available from the
Company’s website, www.lg-cuba.com following Admission.
All terms referred to in this announcement are extracted from the Admission
Document.
Enquiries:
Leni Gas Cuba Limited
David Lenigas, Executive Chairman
Tel: +44 (0) 20 7440 0640
Beaumont Cornish Limited- ISDX Corporate Adviser
Roland Cornish
James Biddle
Tel: +44 (0) 20 7628 3396
Optiva Securities Limited- Broker
Christian Dennis
Jeremy King
Tel: +44 (0) 20 3137 1902
Square1 Consulting
David Bick
Mark Longson
Tel: +44 (0) 207 929 5599
About Leni Gas Cuba Limited
LGC was incorporated in the BVI on 3 March 2015 as an Investment Vehicle for the
purpose of making investments and/or acquisitions in Cuba. The Company’s intention
is to acquire stakes in one or more quoted or unquoted projects, businesses, joint
ventures, production agreements or companies (in whole or in part), creating a
platform for possible further acquisitions in sectors where the opportunity exists to
create Shareholder value. The Company intends to focus on the oil and gas,
agribusiness, manufacturing, industrial, transport and logistics, biotech,
construction, utilities, business services, support services, retail, and/ or tourism
sectors. The Company has recruited a Board it believes is well suited for the purposes
of implementing its Investing Policy mixing a strong track record of growing
diversified investment groups in both the resource and non-resource sectors (including
health and wellness, energy, media, real estate, finance, logistics and leisure),
considerable public company experience and a wide network of global contacts. As
further investment opportunities are identified the Company may consider utilising
outside consultants and advisers as the situation demand. The Company has raised
£4,725,000 (gross) from private and professional investors to be deployed by the
Company in accordance with its Investing Policy. The Company currently holds
investments in two companies in the oil & gas and tourism sectors respectively.