Exercise of Options

RNS Number : 6597C

Alkane Energy PLC

19 October 2015

 

19 October 2015

Alkane Energy plc

("Alkane" or "the Company")

Exercise of Options

Alkane Energy PLC (AIM: ALK) announces that, pursuant to the recommended cash offer made for the Company by Barbican Bidco Limited on 16 September 2015, it has issued 7,022,180 new ordinary shares of 0.5p each ("Ordinary Shares") following the exercise of share options under the Company's Post Admission Share Option Plan, Performance Share Plan, Employee Share Option Plan and Sharesave Plan.  Exercises prices and details of share options exercised by directors were as follows:

Plan	Exercise Price	Number of Share Options Exercised
		Neil O'Brien	Steve Goalby	Carl Kameen	Other employees	Total
Post Admission Share Plan	13.75p	2,000,000	-	-	-	2,000,000
Post Admission Share Plan	16.50p	97,382	76,303	-	-	173,685
Performance Share Plan	0.05p	1,631,119	1,278,234	545,242	195,784	3,650,379
Employee Share Option Plan	20.25p	-	-	82,600	641,600	724,200
Sharesave Plan	17.30p	52,023	52,023	10,404	62,427	176,877
Sharesave Plan	22.90p	-	-	-	122,268	122,268
Sharesave Plan	32.20p	-	-	-	527	527
Sharesave Plan	16.80p	14,880	14,880	10,416	134,068	174,244
Total		3,795,404	1,421,440	648,662	1,156,674	7,022,180

Application has been made to the London Stock Exchange for the 7,022,180 Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur at 8:00 a.m. on 23 October 2015. The Ordinary Shares shall rank pari passu with the existing ordinary shares in the Company.

Following Admission, the Company's enlarged issued share capital and total number of voting rights will be 169,305,726 Ordinary Shares. There are no shares held in treasury.

  Enquiries:

Alkane Energy plc Neil O'Brien/Steve Goalby	Tel: [phone]
Liberum Clayton Bush/Joshua Hughes	Tel: [phone]

 

END

 

 

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