Issue of Equity
September 22 2006 - 10:37AM
UK Regulatory
RNS Number:3575J
Plectrum Petroleum PLC
22 September 2006
Plectrum Petroleum Plc (the "Company")
The Company has today made application for 10,108,695 ordinary shares ("Ordinary
Shares") to be admitted to trading on AIM.
The Ordinary Shares were subscribed by the directors listed below on readmission
of the Company to AIM on 28 September 2005, pursuant to the Company's share
scheme. Due to an administrative error the Ordinary Shares have not yet been
admitted to trading. Admission is expected to occur on 28 September 2006.
Michael Whyatt - 4,239,130 ordinary shares
Michael Evans - 3,913,043 ordinary shares
Jim Bain - 1,956,522 ordinary shares
As disclosed in the admission document dated 2 September 2005, the Company's
share scheme provides that the Ordinary Shares will only vest in the event that
performance conditions relating, inter alia, to the value of the Company's
hydrocarbon assets are achieved on the third anniversary of the subscription
date.
As a result of this admission the issued share capital of the Company has not
changed and remains at 180,372,499 ordinary shares of 5 pence each.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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