TIDMNEW

RNS Number : 3921P

New World Oil & Gas

17 February 2016

New World Oil and Gas Plc / Index: AIM / Epic: NEW / Sector: Oil & Gas

   For immediate release                                                           17 February 2016

New World Oil and Gas Plc ('New World' or the 'Company')

Issue of Equity

Directors' Dealings

Total Voting Rights

New World Oil and Gas Plc, the oil and gas exploration and development company, today announces the issue of a total of 155,189,367 new ordinary shares in the Company, representing 3.38% of the existing issued share capital.

82,764,767 new ordinary shares in the Company, at an average price of 0.275p per share, are being issued in part payment for services rendered in relation to the Company's operations. There are currently no other outstanding fees with suppliers.

In addition, and as part of their directors' fees accrued since Q2 2013 and under existing arrangements, a total of 72,424,600 ordinary shares are being issued to the following Directors and former Director at an average of 0.23p per share as set out in the table below. There are no further shares being accrued by Directors.

 
 Director           Number       Subsequent   Percentage of ordinary 
                     of new       total        shares following 
                     ordinary     holding      issue of new ordinary 
                     shares                    shares 
                     issued 
-----------------  -----------  -----------  ----------------------- 
 Chris Einchcomb    24,700,672   26,864,190   0.57 
-----------------  -----------  -----------  ----------------------- 
 Stephen 
  Polakoff          20,305,341   21,959,988   0.46 
-----------------  -----------  -----------  ----------------------- 
 
 
 Former       Number       Subsequent   Percentage of ordinary 
  Director     of new       total        shares following 
               ordinary     holding      issue of new ordinary 
               shares                    shares 
               issued 
-----------  -----------  -----------  ----------------------- 
 Frederick 
  Hodder      27,418,587   29,296,503   0.62 
-----------  -----------  -----------  -----------------------

Application has been made for a total of 155,189,367 new ordinary shares, which will rank pari passu with all existing ordinary shares in the Company, to be admitted to trading on AIM ("Admission"). Admission is expected to take place on or around 22 February 2016.

The Company has no ordinary shares held in treasury and as a result, the total number of voting rights in the Company will be 4,746,786,108. This figure may therefore 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 Financial Conduct Authority's Disclosure and Transparency Rules.

* *ENDS* *

For further information please visit www.nwoilgas.com or contact:

 
 Enquiries: 
 Georges Sztyk         New World Oil and    Tel: +1 646 407 
                        Gas plc              9946 
 Felicity Geidt        Beaumont Cornish     Tel: +44 (0) 20 
                        Limited              7628 3396 
 Roland Cornish        Beaumont Cornish     Tel: +44 (0) 20 
                        Limited              7628 3396 
 
 Lottie Brocklehurst   St Brides Partners   Tel: +44 (0) 20 
                        Ltd                  7236 1177 
 Frank Buhagiar        St Brides Partners   Tel: +44 (0) 20 
                        Ltd                  7236 1177

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 17, 2016 12:32 ET (17:32 GMT)

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