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Baobab Resources PLC (BAO)

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Friday 11 March, 2011

Baobab Resources PLC

Exercise of Options - Issue of Shares

RNS Number : 7558C
Baobab Resources PLC
11 March 2011



Baobab Resources plc



Exercise of Options - Issue of Shares



Baobab Resources plc (AIM: BAO) ("Baobab" or the "Company") announces that, following the exercise of share options, application has been made for the admission of 1,125,000 ordinary shares of 1p each in the Company ("New Ordinary Shares") to trading on AIM. The New Ordinary Shares will rank pari passu with existing ordinary shares and it is expected that admission will occur at 8.00 a.m. on Friday 18 March 2011.


Following admission of the new shares, the total number of voting rights in the Company's ordinary shares will be 174,970,298.




For Further Information please contact:



Baobab Resources plc

Ben James: Managing Director                Tel: +61 8 9430 7151

Jeremy Dowler: Chairman                       Tel: +44 (0)1372 450529


Strand Hanson Limited                         Tel: +44 (0) 207 409 3494

James Harris

Angela Peace


Northland Capital Partners Limited     Tel: +44 (0) 207 492 4763

Charles Vaughan

Gavin Burnell



This information is provided by RNS
The company news service from the London Stock Exchange