Issue of Equity

RNS Number : 7682G

Utilico Emerging Markets Limited

05 February 2010

 



UTILICO EMERGING MARKETS LIMITED ("the Company")

5 February 2010

Utilico Emerging Markets Limited announces the allotment of 1,709,306 ordinary shares of 10p each.  These shares, which rank pari passu with the existing shares in issue, have been allotted following the exercise of 1,504,629 warrants and 204,677 S shares on 1 February 2010.  Application will be made for the new ordinary shares to be admitted to trading on AIM and dealings are expected to commence on 12 February 2010.  Application has also been made for listing on the Bermuda Stock Exchange and Channel Island Stock Exchange.

As a result of this exercise the total number of ordinary shares in issue now stands at 213,837,819 and the total number of warrants and S shares in issue stands at 29,237,134 and 8,906,709 respectively.

Mr G Madeiros, a Director of the Company, participated in the S Share exercise and he was allotted 8,134 ordinary shares following the exercise of his holding of 8,134 S Shares.  Mr G Madeiros now holds 110,135 ordinary shares in the Company.

For further information, please contact:

Rhonda Nicoll

F&C Management Limited                                        Tel:  [phone]

Arbuthnot Securities Limited                                     Tel: [phone]

Alastair Moreton

Hannah Pearce

 

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