Exercise of Options

RNS Number : 9910S

San Leon Energy PLC

29 November 2011

 



29 November 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 1,914,000 new ordinary shares of €0.05 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 5 December 2011.

Following admission, the Company's enlarged issued share capital will comprise 1,108,075,201 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 1,108,075,201, 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 41,292,848 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
Arbuthnot Securities Limited	[phone]
Antonio Bossi Richard Johnson
Macquarie Capital (Europe) Limited	[phone]
Paul Connolly John Dwyer
College Hill Associates	[phone]
Nick Elwes

 

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