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DJ Altona Energy Plc Admission to NEX Exchange

1 February 2019 
                               Altona Energy plc 
                          ("Altona" or the "Company") 
                  Admission to the NEX Exchange Growth Market 
                   Appointment of UK Non-Executive Director 
                    Subscription for GBP500,000 of Loan Notes 
Altona (NEX: ANR) is pleased to announce that its entire issued share capital 
of 1,558,957 ordinary shares of 10p each ("Ordinary Shares") have been admitted 
to trading on the NEX Exchange Growth Market ("NEX"), with effect from 8.00am 
GMT on 1 February 2019 ("Admission"). 
The Company has appointed Alfred Henry Corporate Finance Limited ("Alfred 
Henry") as its NEX Corporate Advisor. Alfred Henry assisted the Company with 
its admission to NEX and are well placed to help the Company with its planned 
The Directors, having taken all reasonable care to ensure that such is the 
case, warrant that the information contained in this announcement is, to the 
best of their knowledge, in accordance with the facts and contains no omission 
likely to affect its import. Likewise, they also confirm that the information 
not contained within this announcement, but required by the NEX Rules, is 
available in the public domain and accessible by visiting the Company's website 
per the below. 
Mr Qinfu Zhang, Executive Chairman of Altona, commented, "We are delighted to 
have made this transition to NEX, which we see as a fast-growing, dynamic UK 
stock market and one which suits Altona's capital market needs at this point in 
its development. 
"Although the Company has been through a difficult period in the past 15 
months, the role for the board of directors is clear; to assemble a team of 
experienced professionals who can commit to, and execute, the ambitious 
strategy that I have been working towards for the past few months. 
"This strategy is twofold; firstly, to introduce a vanadium mining project to 
the Company, the structure of which we are working on currently and we expect 
to make a more detailed announcement on this exciting project at a later date; 
and secondly, to reinvigorate our coal to chemical project at Arckaringa in 
South Australia, where the Company owns the rights of coal reserves exceeding 7 
billion tonnes. 
"We know we face challenges over the next two years, but with our shareholders 
continued support, we believe we can secure the funding and build the right 
team to bring these two significant projects to maturity and finally generate 
revenues for Altona; something which the Company has not been able to achieve 
in its long history. 
"Finally, we would like to welcome Christian Taylor-Wilkinson to the board, as 
our UK independent non-executive Director. Christian has over 20 years working 
in the City and has been working with Altona since 2014 in his capacity as 
financial PR consultant and knows the Company's Australian coal project 
intimately. He will be our point of contact for UK shareholders and act as our 
corporate governance liaison with our new NEX Adviser." 
For further information, please visit or contact: 
Altona Energy plc 
Qinfu Zhang, Executive Director                     +44 (0) 7795 168 157 
Alfred Henry Corporate Finance Ltd (NEX 
Corporate Adviser) 
Jon Isaacs / Nick Michaels                          +44 (0) 20 3772 0021 
Leander (Financial PR) 
Christian Taylor- Wilkinson                         +44 (0) 7795 168 157 
Company Information 
Altona is an exploration company focused on the evaluation and development of 
its significant coal resource exceeding 7 billion tonnes (1.3 billion tonnes 
historic JORC compliant) in the northern portion of the Permian Arckaringa 
Basin in South Australia.  Through its wholly owned Australian subsidiary 
Arckaringa Energy Pty Ltd, Altona holds a 100% interest in three exploration 
licences covering 1,944 sq. kms in the northern portion of the Permian 
Arckaringa Basin in South Australia including three coal deposits - Westfield 
(EL5676), Wintinna (EL5677) and Murloocoppie (EL5678).  All three deposits lie 
close to the Adelaide to Darwin railroad and the Stuart Highway. 
The Company was admitted to trading on AIM on 10 March 2005.  A copy of its 
admission documents dated 4 March 2005 can be accessed on its website,  This website is where items can be inspected under Rule 
75 of the NEX Rules for Issuers, from 1 February 2019. 
Further to the announcements made by the Company on 2 November 2018 and 16 
January 2019 regarding the status of its nominated adviser ("Nomad"), the Board 
has concluded it is not in a position to appoint a Nomad prior to the deadline 
of 1 February 2019.  Therefore, trading in the Company's shares on AIM will be 
suspended today and on 4 March 2019 the admission of its AIM securities will be 
Shareholders wishing to continue trading in Altona Shares can visit the NEX 
website for information on which brokers work with the market: https:// 
The Ordinary Shares are eligible for CREST settlement.  There are no 
restrictions on the transfer of Ordinary Shares.  The Company is subject to the 
UK City Code on Takeovers and Mergers.  The Company holds no Ordinary Shares in 
Details of the Directors 
Qinfu Zhang - Executive Director 
Mr Qinfu Zhang has over 30 years work experience in the fields of clean energy 
and manufacturing.  Mr Zhang holds the position of chairman at Wintask Group 
Limited, Shaanxi Hailang Group, Hlevel Co. Ltd, and Fu'an Biology Technology 
Co., Ltd. 
Chi Ma - Non-Executive Director 
Mr Ma is the nominated board representative of Sino-Aus Energy Group Ltd and 
joined the board in March 2016.  He holds a number of directorships in China 
and has many years' experience in various companies, including those within 
sectors such as energy, engineering, real estate and technology. Mr Ma brings a 
wealth of knowledge and business acumen to the Company 
Christian Taylor-Wilkinson - Non-Executive Director 
Christian (aged 49) has been appointed a non-executive Director of the board 
with immediate effect. He has been closely associated with Altona since 2014, 
as the financial PR adviser to the Company, through his agency, Leander PR, 
which he founded in 2009. He has spent his professional career in the City and 
has over 23 years' experience advising and working alongside companies of 
differing sizes and across many sectors, and where he has built up a solid 
reputation and contact base within the small-cap arena. 
His background spans investment banking (as a corporate broker at UBS), before 
moving into investor relations and financial PR in 2001. He has a broad 
perspective of the capital markets landscape, as well as a deep understanding 
into the needs of businesses and their shareholders. 
The Company is in discussions with a number of candidates to appoint a second 
UK-based non-executive director. 
Loan Notes 
Sino-Aus Energy Group Limited ("Sino-Aus") has contracted to subscribe GBP500,000 
for 500,000 7 per cent Convertible Unsecured Loan Notes 2020 of the Company. 
The subscription moneys are payable within 90 days. 
The Notes are convertible at any time prior to their final redemption date of 
31 July 2020. 
The conversion price is to be the average middle market price at which the 
Company's ordinary shares are traded during the twenty business days 
immediately preceding conversion, subject to a minimum conversion price of 10p 
(being the nominal value of the ordinary shares). The conversion right is not 
however, exercisable in circumstances in which the aggregate beneficial 
interests in the Company's equity securities, of Sino-Aus and others treated 
under the Takeover Code as acting in concert with Sino-Aus, would exceed 29.9 
per of the Company's issued ordinary share capital, if conversion took 
The Loan Note Instrument constituting the Notes contains usual events of 
default provisions. 
The Notes will not be traded on any stock exchange. 
Sector classification 
Registered Office and Principal Place of Business 
The Company's Registered Office is: 
16 Finborough Road 
SW10 9EQ 
The Company's principal place of business is South Australia. 
Shareholder Information 
The percentage of Ordinary Shares not in public hands as at 18 January 2019 is 
Name of shareholder /                 Number of Percentage of 
director                        Ordinary Shares      enlarged 
                                           held  issued share 
Wintask Group Ltd*                      230,000         14.75 
Sino-Aus Energy Group                   100,000          6.41 
Christian Taylor-Wilkinson                3,000          0.20 
*Qinfu Zhang is the Chairman of Wintask Group Limited and Chi Ma is the 
representative of Sino-Aus Energy Group Limited. 
This announcement contains inside information for the purposes of Article 7 of 
Regulation (EU) 596/2014. 

(END) Dow Jones Newswires

February 01, 2019 02:00 ET (07:00 GMT)