Issue of Shares

RNS Number : 5681I

Roxi Petroleum Plc

04 July 2013

 



4 July 2013

Roxi Petroleum plc

("Roxi" or "the Company") 

Issue of Shares

Roxi the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that a further $5.0 million has been called and received under the previously announced $40 million equity commitment with Mr. Satylganov, a Director of the Company.  This brings the total called and received to date to $17.5 million.  The proceeds will be used to continue the exciting drilling campaign at BNG.

Roxi will accordingly issue a further 41,895,714 shares to Mr. Satylganov, so that the total number of shares issued to Mr Satylganov are 146,635,001, representing 18.8 per cent of the enlarged total shares in issue. The price of the shares issued to Mr Satylganov is 7.41p, based on the agreed exchange rate of £1=$1.61 in the subscription agreement dated 14 January 2013.

Roxi will apply for these 41,895,714 subscription shares to be admitted to trading on AIM and it is anticipated that trading in such shares will commence on 10 July 2013.  The total number of shares in issue following the issue of these shares will be 778,880,013. This figure may be used by Shareholders, from Admission 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.

Enquiries

Roxi Petroleum PLC

Clive Carver, Chairman              [phone]

WH Ireland Limited

James Joyce / James Bavister        [phone]

 

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