Exercise of Options

RNS Number : 9781Y

Alkane Energy PLC

14 July 2008

 



Alkane Energy plc (the 'Company')

14 July 2008

Exercise of Options 

The Company announces that, following an exercise of options today by Cameron Davies, Chief Executive, under the Sharesave 2003 Share Option Plan, it has issued and allotted 178,532 ordinary shares of 0.5 pence each in the capital of the Company ('Ordinary Shares') at a price of 9.2 pence per share.

As a result of this transaction, Dr Davies, is now interested in 3,895,832 Ordinary Shares, representing 4.2 per cent of the issued share capital.

The Company's issued share capital now consists of 92,783,878 Ordinary Shares, with voting rights. The Company does not hold any Ordinary Shares in Treasury.

An application will be made to the London Stock Exchange for the new Ordinary Shares, which will rank pari passu with existing Ordinary Shares, to be admitted to trading on AIM as soon as practicable.

Contacts:

Alkane Energy plc                                01623 827 922

Steve Goalby

Brewin Dolphin Investment Banking        0845 270 8610

Andrew Emmott

ENDS

 

END

 

 

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