Issue of Equity

RNS Number : 0413Y

Egdon Resources PLC

15 December 2010

 

Egdon Resources plc ("Egdon" or the "Company")

Issue of Equity and Total Voting Rights

Egdon announces that pursuant to the exercise of options granted under the Company's Enterprise Management Incentive Scheme, 82,003 ordinary shares of 10 pence have been issued and allotted.

Application has been made for the new ordinary shares to be admitted to trading on AIM and admission is expected to take place on 21 December 2010.

The new ordinary shares will rank pari passu with the existing shares of the Company.  Following this allotment, the total issued share capital of the Company will increase to 130,757,777 ordinary shares with an equal amount of voting rights and no shares held in treasury.

Enquiries:

Egdon Resources plc

Mark Abbott, Managing Director                                                  01256 702292

Buchanan Communications

Richard Darby, James Strong                                                      020 7466 5000

Seymour Pierce - Nominated Adviser and Broker

Jeremy Porter, Sarah Jacobs - Corporate Finance                        020 7107 8000

Richard Redmayne, Jeremy Stephenson - Corporate Broking

Company Background:

Egdon Resources plc

Egdon Resources plc (LSE: EDR) is an established UK-based exploration and production company primarily focused on onshore exploration and production in the hydrocarbon-producing basins of the UK and Europe. 

Egdon currently holds interests in thirty one licences in the UK and France and has an active programme of exploration, appraisal and development within its balanced portfolio of oil and gas assets.  Egdon is an approved operator in both the UK and France.

Egdon Resources plc listed on AIM in January 2008, following the demerger of its gas storage business, Portland Gas plc (now renamed Infrastrata plc). The pre-demerged business was formed in 1997 and listed on AIM in December 2004.

 

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