View or Download TR-1 Notification of Major Shareholding RNS

Egdon Resources plc (AIM:EDR) announces the submission on 28 April 2017 of a new Planning Application (“the Application”) for the Wressle field development. The Application includes additional detailed information to address the specific concerns raised by North Lincolnshire Council in its 11 January 2017 decision to refuse planning consent for the development of the Wressle Oil Field at Lodge Farm, Wressle, North Lincolnshire. The Application will now be validated by North Lincolnshire Council planning department, a procedure that usually takes one to two weeks.As previously announced on 11 April 2017, Egdon has already submitted an appeal against North Lincolnshire County Council’s decision to refuse planning consent.Egdon believe that this dual track approach will provide the best opportunity for a successful planning outcome with the minimum delay.

Egdon Resources plc (AIM:EDR), the UK-based exploration and production company with a primary focus on the hydrocarbon-producing basins of the onshore UK, announces its unaudited interim results for the six months ended 31 January 2017. A presentation for analysts will be held at 9:30am on 11 April 2017 at the offices of Buchanan, 107 Cheapside, London EC2V 6DN.Overview and HighlightsOperational and CorporateSuccessful placing and open offer to raise £5.06 million before costs in December 2016

• Acquisition of additional interests in PEDL068, PEDL201, PEDL306 and PEDL334
• Planning consent granted to operator IGas to drill up to two exploratory wells in Misson Springs, North Nottinghamshire. (Egdon 14.5% interest). Egdon is carried on these initial wells by Total
• ERC Equipoise reported an independent assessment of the undiscovered gas initially in place (GIIP) in ten previously unassessed licences resulting in a Company combined mean of 50 trillion cubic feet of gas (“TCF”)
• Production in line with current forecast totalling 16,882 barrels of oil equivalent (“boe”) (94 barrels of oil equivalent per day “boepd”) (H1 2016: 37,543 boe; 204 boepd)
• Refusal of planning consent for development of the Wressle oil field

Financial Performance

• Gross oil and gas revenues during the period £0.51 million (H1 2016: £1.05 million)
• Loss for the period of £0.73 million (H1 2016: loss of £2.00 million after accounting for impairments of £0.5 million at Waddock Cross and the revaluation of £0.3 million of the Ceres accrued income)
• The Company has no debt (H1 2016: Nil)
• Net current assets as at 31 January 2017 of £8.00 million (H1 2016: £6.06 million) including cash at bank of £6.80 million (H1 2016: £5.26 million)

Post Balance Sheet Events

• Decision to progress both an appeal and a new application for the Wressle development
• Acquisition of additional interest in deep potential of PEDL209 and restructuring of Total option agreement

Commenting on the results, Philip Stephens, Chairman of Egdon said: “In a period of further progress we were pleased to complete an equity cash raising of £5million in December 2016, which has significantly strengthened our balance sheet.An independent evaluation of the net gas in place for our unconventional resources has given a figure of 50TCF which shows a considerable increase over the last estimate made two years ago.Our conventional portfolio contains a number of very attractive prospects the value of which we expect to be able to realise in the next 12 to18 months”View or download 2017-04-11 EDR Interim Results Final

Egdon Resources plc (AIM:EDR) announces that it will today start the appeal process through the Planning Inspectorate in respect of the decision by North Lincolnshire County Council (“the Council”) on 11 January 2017 to refuse planning consent for the development of the Wressle Oil Field at Lodge Farm, Wressle, North Lincolnshire.It is expected that the Planning Inspectorate will validate the submitted appeal documentation within the next 1-2 weeks and will then notify Egdon and the Council of the start date and timetable for the appeal process.As previously announced the Company will in parallel submit a new planning application for the Wressle development which will include even more detailed information to address the specific points raised by the Council in their refusal. This new planning application will be submitted during April.The Company also anticipates that the Environmental Permit for Wressle should be issued by the Environment Agency towards the end of April, subject to the outcome of the current consultation process on the draft permit which closes shortly.In addition, the water monitoring boreholes for the site, for which planning consent was received from the Council at the planning meeting on 11 January 2017, were successfully installed on the existing Wressle well site during February 2017.Commenting on the update Mark Abbott, Managing Director said: “We believe our case for the appeal is very strong and we will look to progress both the appeal and the new application through the planning system as quickly as possible. We believe this dual track approach will provide the best opportunity for a successful outcome with the minimum delay.“

Egdon Resources plc (AIM:EDR) is pleased to announce that it has acquired from Stelinmatvic Industries Limited (“Stelinmatvic”) its 12% interest in the unconventional resources exploration rights in UK Onshore licence PEDL209 located in one of the Company’s core areas, the Gainsborough Trough. As part of the consideration for this acquisition, Egdon has transferred 12% out of its interest in the remaining conventional prospects on the PEDL209 licence to Stelinmatvic.As further consideration, Egdon has today issued 580,646 Ordinary Shares in the Company (“the Consideration Shares”) to Stelinmatvic, fully paid. The value of the Consideration Shares is equivalent to £54,000 based on the average closing mid-price for the five days prior to the day of completion. The Consideration Shares represent 0.22 per cent. of the enlarged share capital of the Company. Application has been made for admission of the Consideration Shares to trading on AIM, which is expected to become effective on 7 April 2017. Following admission the Company will have 259,984,822 shares in issueConcurrent with this transaction, Egdon has entered into a new Opt-In Agreement with Total E&P UK Limited (“Total”), a wholly owned subsidiary of Total SA. Under the terms of the agreement, Total has an option to farm-in to unconventional resources exploration in PEDL209, exercisable until 31 December 2018 and to earn a 36% interest in the licence by paying Egdon’s remaining 36% (together with Total’s own 36% interest) of an exploration programme of up to a gross £13.47 million which would include seismic acquisition and the drilling of a well.This agreement with Total supersedes the previous agreement announced on 30 January 2014. The transaction with Stelinmatvic has already completed and the interests in PEDL209 are now: Conventional Unconventional CurrentPost option exerciseEgdon Resources U.K. Limited35%72%36%Blackland Park Exploration Limited28%28%28%Stelinmatvic Industries Limited27%--Union Jack Oil plc10%--Total E&P UK Limited

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36%

The acquisition adds a total of 1,898 net acres to Egdon’s unconventional resources exploration acreage holdings, or 949 net acres post option exercise.Commenting on the transaction, Mark Abbott, Managing Director of Egdon, said:“We are pleased to increase our interest in the unconventional resources prospectivity of PEDL209 and secure a new opt-in agreement with Total, which would fully carry our increased interest in the licence if exercised.Following the approval by Nottinghamshire County Council last November of IGas operated drilling at Springs Road in the neighbouring licence of PEDL140, we look forward to being carried on potentially play-opening wells in the Gainsborough Trough, our core area for unconventional resources exploration.We continue to believe that indigenous onshore gas could be a major contributor to the UK’s future energy mix”

Egdon Resources plc (AIM:EDR) announces that its Interim Results for the six months ended 31 January 2017 will be released on Tuesday, 11 April 2017An analyst briefing will be held at 9.30am on 11 April 2017 at the offices of Buchanan, 107 Cheapside, London, EC2V 6DN.

Egdon Resources plc (the "Company") has been informed that as a result of Mr Mark Abbott's younger son achieving his majority, his shareholding is no longer to be counted as part of Mr Abbott's beneficial shareholding. Accordingly, although these shares have not been sold, Mr Abbott's beneficial shareholding is reduced by 100,000 ordinary shares to 7,764,387 ordinary shares, representing 2.99% of the issued and voting share capital of the Company.

Egdon Resources plc (AIM:EDR) provides an update on plans to progress the development of the Wressle oil field following the recent decision of North Lincolnshire Council’s Planning Committee to refuse planning permission for hydrocarbon production.Having consulted with Joint Venture partners and taken further detailed advice, we can advise that we will submit a formal appeal against the refusal of planning consent at the earliest opportunity.We can also advise that we will in parallel submit a new Planning Application for the Wressle development which will include even more detailed information to address the specific concerns outlined by North Lincolnshire Council in their refusal.We will look to progress both the new application and the appeal through the Planning system as quickly as possible. We believe that this dual track approach will provide the best opportunity for a successful outcome with the minimum delay.In view of the planning refusal and the expected timeframe for the appeal and/or re-determination, the Company has revised its guidance for average production for the financial year ending 31 July 2017 to 100-110 barrels of oil equivalent per day (“boepd”) against our previous guidance of 165 boepd. As a result of the delay in both capital investment and generated income, the impact on the Company’s net cash-flow for the current period will be negligible.

Further to the announcement made on 16 November 2016, Egdon Resources plc (AIM:EDR) is pleased to confirm that it has now completed the acquisition of an additional interest in PEDL201 in the Company’s East Midlands core area.Egdon has acquired an additional 12.5% interest in PEDL201 in the Widmerpool Gulf from Corfe Energy Limited for a consideration of 424,593 Ordinary Shares in the Company (“the Consideration Shares”). The value of the Consideration Shares is equivalent to £50,000 based on the average closing mid-price for the five days prior to the day of completion.Accordingly Egdon has issued 424,593 Ordinary Shares to Corfe Energy Limited. The Consideration Shares represent 0.16 per cent. of the enlarged share capital of the Company. Application has been made for admission of the Consideration Shares to trading on AIM, which is expected to become effective on 2 February 2017.Following the issue of the Consideration Shares, the Company's issued share capital will consist of 259,404,176 Ordinary Shares, each carrying one voting right. The Company does not hold any Ordinary Shares in treasury. This 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.As a result of this transaction, Egdon now holds a 45.00% operated interest in PEDL201, a licence considered by Egdon to hold significant prospectivity for both conventional and unconventional resources. The acquisition adds a total of 2,471 net acres to Egdon’s licence holdings.Commenting on the acquisition, Mark Abbott, Managing Director of Egdon Resources plc, said:“We are pleased to have now completed this acquisition which is in line with Egdon’s stated strategy of enhancing our position in core areas where we see significant oil and gas potential.”

Egdon Resources plc (AIM:EDR) announces that the North Lincolnshire County Council’s Planning Committee has today refused planning consent for the development of the Wressle Oil Field at Lodge Farm, Wressle, North Lincolnshire.At the same meeting the application for the installation of groundwater monitoring boreholes was approved.Mark Abbott Managing Director of Egdon Resources plc, said:“We are very disappointed by the decision of the Committee that goes against the positive recommendation of their Planning Officer which was determined after an extensive and thorough review of our proposals.Our business has been operating exploration and production sites in a safe and environmentally sensitive manner across the region for many years, engaging with communities, employing local people and investing in the local supply chain.We will now take time to consider our options including our right to bring forward an appeal.”

The Directors of Egdon Resources plc announce the results of the Annual General Meeting held at the offices of Norton Rose Fulbright on 8 December 2016.

Resolutions 1 to 6 were duly passed by shareholders unanimously.

A Poll was called for Resolution 7, being a Special Resolution in respect of the waiver of pre‑emption rights on the issue of a limited number of shares for cash, and was defeated by 109,198,514 (73.18%) to 40,025,137 (26.82%) out of a total number of shares in issue of 258,979,583.

View or download 2016 AGM Voting Results and Proxy Appointments

At the meeting, Managing Director Mark Abbott presented a review of the business. The presentation will be available and can be accessed from the Company's website: www.egdon-resources.com.

The Company has been informed of the following recent transactions by Directors:In the Open Offer Philip Stephens, Non-executive Chairman, purchased 12,890 shares; Mark Abbott, Managing Director, purchased 50,563 ordinary shares; Andrew Lodge, non-executive Director purchased 31,250 shares and Kenneth Rafcliff, non-executive Director purchased 9,984 shares; all at the Open Offer price of 13.5p.A trust of which Walter Roberts, non-executive director and company secretary, is a trustee distributed 70,182 shares to each of the two beneficiaries thus reducing his beneficial holding although none of these shares have been sold.Following these transactions and in order to update the percentages following the recent placing and open offer, the holdings of those Directors holding shares in the Company are as set out in the following table.DirectorHolding of Ordinary SharesPercentage of Enlarged Share CapitalPhilip Stephens112,8900.04%Mark Abbott7,864,3873.04%Andrew Lodge531,2500.21%Kenneth Ratcliff169,7430.07%Walter Roberts974,1290.38% Public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them. 1Details of the person discharging managerial responsibilities / person closely associateda)NamePhilip Stephens2Reason for notificationa)Position / statusPDMR/Chairmanb)Initial notification/AmendmentInitial notification 3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameEgdon Resources plcb)LEINA4Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda)Description of the financial instrument, type of instrument Identification code Ordinary Shares of 1 pence each NAb)Nature of the transactionOpen Offer purchase c)Price(s) and volumes(s)PriceVolume13.5 pence12,890d)Aggregated informationAggregated VolumePrice 12,890 13.5 pence e)Date of the transaction29 November 2016f)Place of the transactionLondon Stock Exchange1Details of the person discharging managerial responsibilities / person closely associateda)NameMark Abbott2Reason for notificationa)Position / statusPDMR/Managing Directorb)Initial notification/AmendmentInitial notification 3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameEgdon Resources plcb)LEINA4Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda)Description of the financial instrument, type of instrument Identification code Ordinary Shares of 1 pence each NAb)Nature of the transactionOpen Offer purchase c)Price(s) and volumes(s)PriceVolume13.5 pence50,563d)Aggregated informationAggregated VolumePrice 50,563 13.5 pence e)Date of the transaction29 November 2016f)Place of the transaction London Stock Exchange1Details of the person discharging managerial responsibilities / person closely associateda)NameAndrew Lodge2Reason for notificationa)Position / statusPDMR/Non-Executive Directorb)Initial notification/AmendmentInitial notification 3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameEgdon Resources plcb)LEINA4Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda)Description of the financial instrument, type of instrument Identification code Ordinary Shares of 1 pence each NAb)Nature of the transactionOpen Offer purchase c)Price(s) and volumes(s)PriceVolume13.5 pence31,250d)Aggregated informationAggregated VolumePrice 31,250 13.5 pence e)Date of the transaction29 November 2016f)Place of the transactionLondon Stock Exchange1Details of the person discharging managerial responsibilities / person closely associateda)NameKen Ratcliff2Reason for notificationa)Position / statusPDMR/Non-Executive Directorb)Initial notification/AmendmentInitial notification 3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameEgdon Resources plcb)LEINA4Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda)Description of the financial instrument, type of instrument Identification code Ordinary Shares of 1 pence each NAb)Nature of the transactionOpen Offer purchase c)Price(s) and volumes(s)PriceVolume13.5 pence9,984d)Aggregated informationAggregated VolumePrice 9,984 13.5 pence e)Date of the transaction29 November 2016f)Place of the transactionLondon Stock Exchange

View or Download TR1-notification-of-major-interest-in-shares

Egdon announces the result of the Open Offer for up to approximately £2.06 million at 13.5 pence per share, further details of which were set out in the Open Offer Circular (the “Circular”) despatched to Shareholders on 8 November 2016.The Open Offer has been 1.3 times oversubscribed and valid acceptances have been received in respect of the entirety of the Open Offer Shares.Qualifying Shareholders who have validly applied for Open Offer Shares will receive their full Open Offer Entitlement.Applications under the Excess Entitlements Facility will be scaled back in accordance with the terms of the Open Offer.Application will be made for these 15,234,093 Open Offer Shares, which will rank pari passu in all respects with the Existing Ordinary Shares, to be admitted to trading on the AIM Market of the London Stock Exchange. It is expected that Admission of the Open Offer Shares will occur, and dealings will commence at 8.00 a.m. on 29 November 2016.The Company has, to date, raised total gross proceeds from the Subscription and Open Offer of approximately £5.06 million via the issuance of 37,456,315 Subscription Shares and Open Offer Shares.The participation in the Open Offer by Petrichor Holdings Coöperatief, U.A.⁽¹⁾, a substantial shareholder in the Company, constitutes a related party transaction for the purposes of the AIM Rules. The directors of Egdon, having consulted with the Company's nominated adviser, Cantor Fitzgerald Europe, consider that the terms of the related party transaction are fair and reasonable insofar as the Company’s shareholders are concerned.Following Admission, the Company's enlarged issued share capital will comprise 258,879,583 Ordinary Shares, with voting rights. The Company does not hold any Ordinary Shares in treasury. Therefore the total number of Ordinary Shares in the Company with voting rights will be 258,879,583. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.Mark Abbott, Managing Director of Egdon, commented:“We are delighted to have received such a positive response from our existing shareholders to the Open Offer which was oversubscribed. Having raised gross proceeds of £5.06 million from the Subscription and Open Offer, Egdon is now well capitalized to deliver on our strategy. Our near term focus will include gaining the final consent for the development of the Wressle oil field, progressing the Company’s 14^th Round licence evaluations and moving the “A” Prospect to drillable status.”All defined terms in this announcement have the meanings given to them in the Circular.Notes:⁽¹⁾ Shares previously held by HEYCO International, Inc. have been transferred to an associate company, Petrichor Holdings Coöperatief, U.A.. Following the Open Offer Petrichor Holdings Coöperatief, U.A will hold, in total, 42,112,229 shares (16.27%) in the Company. HEYCO Energy Group, Inc. is the ultimate parent company of both companies.

Egdon Resources plc (AIM:EDR) is pleased to announce the acquisition of an additional interest in PEDL201 in the Company’s East Midlands core area.Egdon will acquire a 12.5% interest in PEDL201 in the Widmerpool Gulf from Corfe Energy limited for an all share consideration of £50,000. The number of consideration shares will be calculated based on the average closing mid-price for the five days prior to the day of completion.Egdon will have a 45.00% operated interest in PEDL201 following completion of this acquisition which will add a total of 2,471 net acres to Egdon’s licence holdings. The licence is considered by Egdon to hold significant prospectivity for both conventional and unconventional resources. The transaction is subject to Oil and Gas Authority approval.Commenting on the acquisition, Mark Abbott, Managing Director of Egdon Resources plc, said:“We are pleased to increase our operated interest in PEDL201 in the Widmerpool Gulf. This acquisition is consistent with our strategy of enhancing our position in our core areas where we see significant oil and gas potential.”

Egdon Resources plc (AIM:EDR) notes the announcement made today by operator IGas Energy plc (“IGas”) in relation to the decision of Nottinghamshire County Council’s Planning and Licensing Committee in respect of the Springs Road planning application. Egdon holds a 14.5% interest in PEDL140 where the proposed wells are located.The IGas statement reads as follows;“IGas Energy plc (“IGas”), one of the leading producers of hydrocarbons onshore Britain, is pleased to announce that Nottinghamshire County Council’s Planning and Licensing Committee has granted planning consent for the application to develop a hydrocarbon wellsite and drill up to two exploratory wells in Misson Springs, North Nottinghamshire.Stephen Bowler, CEO of IGas commented:“I am pleased that the Committee has made this positive determination following the recommendation by the Planning Officer. It has been a long process and everyone has been extremely thorough.We have engaged with the community at every step of the process. This is important to us given we operate 30 fields across the country and understand how imperative it is to work in co-operation with local residents whilst we work safely and sensitively.We are at a critical juncture in the future of our energy mix and supply, as we move away from coal towards lower carbon energy sources. We rely significantly on gas in the UK, not just for electricity, but also in heating 8 out of 10 homes and as a raw material in the manufacture of many everyday products, including plastics and clothing. We believe the future of the area is as important as its rich history and, with the demise of coal mining in the area, see an important role for shale development in the creation of future jobs and prosperity.At this stage we, as well as other onshore operators around the country, are trying to establish if the significant quantities of gas that we have identified exists in the right formations to be commercially prospective and address the issue of security of supply that we face. We now have the consent to develop a hydrocarbon wellsite and drill up to two exploratory hydrocarbon wells (one vertically and one horizontally) to help us better understand the shale gas potential in North Nottinghamshire.””

View or Download TR-1 Notification

View of Download TR-1 Notification

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A BREACH OF THE RELEVANT SECURITIES LAWS OF SUCH JURISDICTION.

This announcement does not constitute a prospectus or offering memorandum or an offer in respect of any securities and is not intended to provide the basis for any investment decision in respect of Egdon Resources plc or other evaluation of any securities of Egdon Resources plc or any other entity and should not be considered as a recommendation that any investor should subscribe for or purchase any such securities.

EGDON RESOURCES PLC

("Egdon" or the "Company")

Posting of Open Offer Circular

Egdon is pleased to announce that, further to its announcement of 1 November 2016, it has today posted a circular (the "Circular") to Qualifying Shareholders regarding an Open Offer of up to approximately £2.06 million.

The Circular is also available on the Company's website at the bottom of this webpage

All capitalised terms in this announcement have the same meanings as those given to them in the Circular, unless the context otherwise requires.

The Open Offer is being made to Qualifying Shareholders on the register as at the Record Date of close of business on 7 November 2016, for up to 15,234,093 Open Offer Shares¹ at 13.5 pence per Open Offer Share (being the same price as the Issue Price for the Subscription, announced on 1 November 2016) on the basis of:

1 Open Offer Share for every 16 Existing Ordinary Shares

As announced on 1 November 2016, the Issue Price represented a discount of approximately 10.0% to the Volume Weighted Average Price of an Existing Ordinary Share in the seven days prior to 1 November 2016.

Qualifying Shareholders are also being given the opportunity, provided that they take up their Open Offer Entitlements in full, to apply for additional Open Offer Shares through an Excess Application Facility.

Full details of the Open Offer, including terms and conditions and details on how to accept the Open Offer, are set out in the Circular posted to Qualifying Shareholders today and available on the Company's website.

¹ The announcement of 1 November 2016 stated that up to 15,227,843 Open Offer Shares would be offered under the Open Offer which was based on the expected issued share capital of the Company on the Record Date being 243,645,490 Ordinary Shares. The actual issued share capital of the Company on the Record Date was 243,745,409, which requires 15,243,093 Open Offer Shares to be offered under the Open Offer for it to be made on a 1 for 16 basis.

EXPECTED TIMETABLE OF PRINCIPAL EVENTS

2016

Record Date for entitlement under the Open Offer

Close of business on 7 November

Ex-entitlement date for Open Offer

8 November

Posting of the Circular and, to Qualifying non-CREST Shareholders only, the Application Forms

8 November

Open Offer Entitlements and Excess CREST Open Offer Entitlements credited to stock accounts in CREST of Qualifying CREST Shareholders

8.00 a.m. on 9 November

Latest recommended time and date for requesting withdrawal of Open Offer Entitlements and Excess CREST Open Offer Entitlements from CREST

4.30 p.m. on 18 November

Latest time for depositing Open Offer Entitlements and Excess CREST Open Offer Entitlements into CREST

3.00 p.m. on 21 November

Latest time and date for splitting Application Forms (to satisfy bona fide market claims)

3.00 p.m. on 22 November

Latest time and date for receipt of completed Application Forms and payment in full under the Open Offer or settlement of relevant CREST instruction (as appropriate)

11.00 a.m. on 24 November

Expected time and date of announcement of results of the Open Offer

7.00 a.m. on 25 November

Admission effective and dealings in the Open Offer Shares expected to commence on AIM

8.00 a.m. on 29 November

Expected date for crediting of Open Offer Shares in uncertificated form to CREST stock accounts

8.00 a.m. on 29 November

Expected date of despatch of share certificates in respect of Open Offer Shares in certificated form

13 December

Notes:

Each of the dates in the above timetable is subject to change at the absolute discretion of the Company. If any of the details should change, where appropriate, the revised times and/or dates will be notified to Shareholders by means of an announcement through a Regulatory Information Service.

8th-november-2016-edr-open-offer-circular

8th-november-2016-edr-open-offer-application-form

As a result of the exercise of share options by an employee, on 4 November 2016 Egdon Resources plc (AIM:EDR) issued 100,000 new ordinary shares of 1p each. Following this, and following the issue of the subscription shares as notified on 1 November 2016, the Company's issued ordinary share capital will be 243,745,490 ordinary shares.Application has been made to the London Stock Exchange for the 100,000 new ordinary shares, which rank pari passu with the Company's existing issued ordinary shares, to be admitted to trading on AIM. Dealings are expected to commence on or around 11 November 2016.The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.