Xcite Energy Limited Announces Exercise of Share Options
01 Juli 2014 - 8:01AM
Marketwired
Xcite Energy Limited Announces Exercise of Share Options
ABERDEENSHIRE, UNITED KINGDOM--(Marketwired - Jul 1, 2014) -
Xcite Energy Limited (TSX-VENTURE: XEL) (LSE: XEL) ("Xcite Energy"
or the "Company") announces that application has been made for the
admission to AIM ("Admission") of 200,000 new ordinary shares
without par value in the Company ("Ordinary Shares"), pursuant to
the exercise of share options, which would have otherwise expired
shortly, by a former Director of the Company. The new Ordinary
Shares shall rank pari passu with the Company's existing issued
Ordinary Shares and dealings are expected to commence on 4 July
2014.
Following Admission, the Company's enlarged issued share capital
will comprise 308,930,421 Ordinary Shares with one voting right per
share. There are no shares held in treasury. The total number of
voting rights in the Company is therefore 308,930,421.
This figure of 308,930,421 Ordinary Shares 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 FSA's Disclosure and Transparency Rules.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This information is provided by RNS The company news service
from the London Stock Exchange
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO
DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF SUCH JURISDICTION
ENQUIRIES: Xcite Energy Limited +44 (0) 1483 549 063 Rupert Cole
/ Andrew Fairclough Liberum (Joint Broker and Nominated Adviser)
+44 (0) 203 100 2222 Clayton Bush / Tim Graham Morgan Stanley
(Joint Broker) +44 (0) 207 425 8000 Andrew Foster Bell Pottinger
+44 (0) 207 861 3232 Mark Antelme / Henry Lerwill
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