Tomco Energy (TOM)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

 0.028p
   
  • Change Today:
      0.000p
  • 52 Week High: 0.095p
  • 52 Week Low: 0.028p
  • Currency: UK Pounds
  • Shares Issued: 3,904.14m
  • Volume: 482,100
  • Market Cap: £1.07m
  • RiskGrade: 70

TomCo draws down first tranche of its new £1m facility

By Josh White

Date: Monday 24 Apr 2023

LONDON (ShareCast) - (Sharecast News) - TomCo Energy announced on Monday that it was drawing down the initial £0.25m tranche of its £1m convertible loan facility, which it announced on 30 March.
The AIM-traded firm said the funds were expected to be received on or around 26 April.

Under the terms of the facility, the company would issue 41,666,667 warrants to the convertible loan subscribers, exercisable for three years from the date of drawdown.

Each warrant would provide the holder with the right to subscribe for one new share at an exercise price of 0.6p each.

"In addition, Novum Securities - the company's broker - will be issued 10 million warrants, with each such warrant affording the right to subscribe for one new ordinary share at an exercise price of 0.6p per share for a period of two years from the date of drawdown of tranche one," the company's board added in its statement.

At 1228 BST, shares in TomCo Energy were down 9.09% at 0.3p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Tomco Energy Market Data

Currency UK Pounds
Share Price 0.028p
Change Today 0.000p
% Change 0.00 %
52 Week High 0.095p
52 Week Low 0.028p
Volume 482,100
Shares Issued 3,904.14m
Market Cap £1.07m
RiskGrade 70

Tomco Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
51.34% above the market average51.34% above the market average51.34% above the market average51.34% above the market average51.34% above the market average
47.22% above the sector average47.22% above the sector average47.22% above the sector average47.22% above the sector average47.22% above the sector average
Price Trend
88.98% below the market average88.98% below the market average88.98% below the market average88.98% below the market average88.98% below the market average
79.49% below the sector average79.49% below the sector average79.49% below the sector average79.49% below the sector average79.49% below the sector average
Income Not Available
Growth Not Available

Tomco Energy Dividends

No dividends found

Trades for 31-Oct-2024

Time Volume / Share Price
11:02 470,000 @ 0.029p
08:12 4,100 @ 0.030p
08:12 8,000 @ 0.030p

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