Exercise of Options (6893T)
December 09 2011 - 5:14AM
UK Regulatory
TIDMSLE
RNS Number : 6893T
San Leon Energy PLC
09 December 2011
9 December 2011
San Leon Energy Plc
Exercise of options
San Leon Energy Plc ("San Leon" or the "Company") announces that
application has been made for the admission to AIM of 1,386,000 new
ordinary shares of EUR0.05 each in the Company ("Shares"), pursuant
to an exercise of options. The new Shares will rank pari passu in
all respects will the Company's existing Shares, and dealings are
expected to commence on 16 December 2011 ("Admission").
San Leon also announces that a conversion notices have been
received by the Company in relation to the conversion of a total of
22,469,930 exchangeable shares (resultant from San Leon's recent
acquisition of Realm Energy International Corporation) to exchange
such shares for new San Leon Shares. These new Shares are expected
to be issued by 21 December 2011 ("Exchange") and will
correspondingly reduce the Company's existing blocklisting, as
detailed below.
Following issue of the above Shares, the Company's enlarged
issued share capital will comprise 1,132,013,631 Ordinary Shares,
with voting rights. The Company does not hold any Ordinary Shares
in treasury. Therefore the total number of Ordinary Shares in the
Company with voting rights will be 1,132,013,631, which figure 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.
In addition, San Leon maintains a reduced blocklisting in
respect of a further 18,822,918 Ordinary Shares to satisfy future
requests by holders of exchangeable shares (resultant from San
Leon's recent acquisition of Realm Energy International
Corporation) to exchange such shares for new San Leon Shares.
For further information contact:
San Leon Energy plc +353 1291 6292
Oisin Fanning, Executive Chairman
Arbuthnot Securities Limited +44 (0) 20 7012 2000
Antonio Bossi
Richard Johnson
Macquarie Capital (Europe) Limited +44 (0) 3037 2000
Paul Connolly
John Dwyer
College Hill Associates +44 (0) 20 7457 2020
Nick Elwes
This information is provided by RNS
The company news service from the London Stock Exchange
END
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