Issue of Equity

RNS Number : 6428X

Clontarf Energy PLC

14 January 2014

 



14 January 2014

Clontarf Energy plc

("Clontarf" or "the Company")

Issue of Equity

Clontarf Energy, the AIM listed Oil Explorer, announces announces that it has today issued 7,231,975 new ordinary shares of 0.25 pence each ("Ordinary Shares") in settlement of professional fees.

The 7,231,975 Ordinary Shares being issued will rank pari passu in all respects with the Company's existing ordinary shares and will represent 3.5% of the Company's enlarged issued share capital. Application has been made for the 7,231,975 Ordinary Shares to be admitted to trading on AIM ("Admission") and Admission is expected to occur, and dealings are expected to commence at 8.00 am on 20 January 2014.

Following Admission, the Company's issued share capital will consist of 207,416,444 Ordinary Shares, with each ordinary share carrying the right to one vote. The Company does not hold any ordinary shares in treasury. This figure of 207,416,444 may therefore 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.

For further information please visit http://clontarfenergy.com or contact:

Clontarf Energy plc

John Teeling, Chairman                                                                                        [phone]

David Horgan, Managing Director

James Finn, Finance Director

Nominated Adviser and Joint Broker

Shore Capital

Pascal Keane/Toby Gibbs, Corporate Finance                                            [phone]

Jerry Keen, Corporate Broking

Joint Broker

Optiva Securities Limited

Jeremy King                                                                                                              [phone]

Public Relations

Blythe Weigh Communications                                                                        [phone]

Tim Blythe                                                                                                                 [phone]

Eleanor Parry                                                                                                            [phone]

Halimah Hussain                                                                                                     [phone]

Pembroke Communications

David O'Síocháin                                                                                                     [phone]

 

END

 

 

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