Exercise and conversion of Realm Warrants

RNS Number : 8862O

San Leon Energy PLC

17 October 2012

 



17 October 2012

San Leon Energy Plc

Exercise and conversion of Realm Warrants

San Leon Energy Plc ("San Leon" or the "Company") announces that application has been made for the admission to AIM of 2,475,000 new ordinary shares of €0.05 each in the Company ("Shares"), pursuant to an exercise of warrants in Realm Energy International Corporation ("Realm"), acquired by San Leon in 2011, and conversion of the resultant Realm shares into San Leon Shares. The new Shares will rank pari passu in all respects will the Company's existing Shares, and dealings are expected to commence on 23 October 2012 ("Admission").

Following Admission, the Company's enlarged issued share capital will comprise 1,143,699,173 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 1,143,699,173, 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 blocklisting in respect of a further 10,767,376 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	[phone]
Oisin Fanning, Executive Chairman
Westhouse Securities Limited	[phone]
Richard Johnson Antonio Bossi
Macquarie Capital (Europe) Limited	[phone]
John Dwyer
Fox Davies Capital	[phone]
Daniel Fox-Davies Richard Hail
FirstEnergy Capital LLP	[phone]
Hugh R. Sanderson David Van Erp
College Hill Associates	[phone]
Nick Elwes Alexandra Roper

 

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