Additional Listing/ Holding(s) in Company (4687V)
January 12 2012 - 7:49AM
UK Regulatory
TIDMUEP TIDMNSN
RNS Number : 4687V
UMC Energy PLC
12 January 2012
UMC Energy Plc
("UMC" or the "Company")
Additional Listing
Holding(s) in Company
Further to the announcement, made on 12 September 2011, that UMC
had exercised its option to acquire PNG Energy Ltd, which
indirectly holds two off-shore Petroleum Prospecting Licences
("PPLs") and one on-shore PPL in Papua New Guinea, the Company
announces today that a total of 240,000,000 ordinary shares of 0.5
pence each in the Company ("New Ordinary Shares") have been issued
to the consortium of vendors of PNG Energy Ltd, in consideration
for the exercise of the option.
Changes in discloseable interests following Admission are as set
out below:
Shareholder Ordinary Shares held % of issued share
capital
Natasa Mining Ltd 205,351,879 42.39%
Top Horizon Group Ltd 67,218,000 13.88%
Gogear International Ltd 92,782,000 19.15%
In addition, following the issue of the New Ordinary Shares,
Cline Mining Corporation no longer has a notifiable interest in the
Company.
Application has been made to the London Stock Exchange for
240,000,000 New Ordinary Shares to be admitted to trading on AIM
("Admission") and it is expected that dealings will commence on 13
January 2012. These shares will rank pari passu in all respects
with the existing issued ordinary shares in the Company.
The total issued share capital of UMC following this allotment
will be 484,444,763 ordinary shares of 0.5p each. No Ordinary
Shares are held in treasury.
For further information:
Enquiries:
Chrisilios Kyriakou, Chief Executive Officer
UMC Energy Plc
Telephone: +44(0) 20 7290 3102
Angela Peace
Strand Hanson Limited
Telephone: +44 (0) 20 7409 3494
Philip Haydn-Slater/Paul Dudley
HD Capital Partners LLP
Telephone: +44(0) 20 3551 4870
This information is provided by RNS
The company news service from the London Stock Exchange
END
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