Conversion of Warrants

RNS Number : 8484W

Regal Petroleum PLC

16 June 2008

 



17 June 2008

REGAL PETROLEUM PLC

('Regal' or the 'Company')

Exercise of Options

The Company announces that yesterday a total of 1,100,000 share options were exercised by two former employees, a former consultant to the Company and by one of the Company's brokers at prices ranging from £1.48 to £1.58. Application has been made to the London Stock Exchange for the admission to trading on AIM of 1,100,000 new ordinary shares of 5 pence each in the capital of the Company ('Ordinary Shares'). These Ordinary Shares, which will rank pari passu in all respects with the Company's existing Ordinary Shares, have been allotted pursuant to the exercise of the abovementioned share options.  

Admission is expected to become effective on 20 June 2008 and Regal will then have 202,728,824 Ordinary Shares in issue and admitted to trading on AIM.

For further information, please contact:

Regal	Tel: [phone]
David J Greer, CEO
Strand Partners	Tel: [phone]
Rory Murphy

 

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