Xcite Energy Limited ("Xcite Energy" or the "Company") Director/PDMR Shareholding
January 04 2011 - 2:19AM
Marketwired
Xcite Energy Limited (TSX-V: XEL) (LSE: XEL)
(AIM: XEL)
This announcement is not for release, publication or
distribution in or into the United States.
The Company announces that it has received communication of the
intention to exercise 100,000 options to purchase ordinary shares
of the Company ("Ordinary Shares") at C$0.74 per share by Gregory
Moroney, a director of the Company. The options were issued to Mr.
Moroney pursuant to the Company's stock option plan.
Following the issuance of the 100,000 Ordinary Shares subject to
the exercised options, Mr. Moroney will hold 300,000 options to
purchase Ordinary Shares. Mr Moroney does not hold any Ordinary
Shares other than the 100,000 Ordinary Shares resulting from the
exercise of the options.
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.
ENQUIRIES: Xcite Energy Limited +44 (0)1330 826740
Richard Smith Chief Executive Officer Rupert Cole Chief Financial
Officer Arbuthnot Securities Limited (Nomad and Broker) +44
(0)20 7012 2000 Antonio Bossi Director Pelham Bell Pottinger
+44 (0) 20 7861 3232 Mark Antelme Director Henry Lerwill Paradox
Public Relations +1 514 341 0408 Jean-Francois Meilleur
Consultant