Exercise of Options

RNS Number : 2095T

Green Dragon Gas Ltd

23 September 2010

 



23 September 2010

GREEN DRAGON GAS LTD

("Green Dragon" or "the Company")

EXERCISE OF SHARE OPTIONS

Green Dragon Gas Ltd. (AIM:GDG), one of the largest independent companies involved in the production of CBM gas and the distribution and sale of wholesale gas in China, announces that following the exercise of employee share options, application has been made by Green Dragon for a further 20,000 ordinary shares of US$0.0001 each in the Company ("Ordinary Shares") to be admitted to trading on AIM.

It is expected that these new Ordinary Shares, which will rank pari passu in all respects with the existing Ordinary Shares, will be admitted to trading on 29 September 2010.

Following the exercise of the options, Green Dragon will have 120,532,336 Ordinary Shares in issue.

For further information on the Company and its activities, please refer to the website at www.greendragongas.com or contact:

Stephen Hill / Betty Cheung  Green Dragon Gas	[phone]
Dr Azhic Basirov / David Jones Nomad & Broker, Smith &Williamson	[phone]
Robert Collins, Tim Redfern Broker, Evolution Securities	[phone]
Judith Rawnsley Broker, CLSA	[phone]
James Henderson, Phillip Dennis Investor Relations, Pelham Bell Pottinger	[phone]

 

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