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Xcite Energy Limited (XEL)

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Monday 05 December, 2011

Xcite Energy Limited

Additional Listing and Total Voting Rights

RNS Number : 3393T
Xcite Energy Limited
05 December 2011
 



 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

 

 

TSX-V, LSE-AIM: XEL

 

 

 

5 December 2011

 

Xcite Energy Limited

("Xcite Energy" or the "Company")

 

Additional Listing and Total Voting Rights

 

Further to the announcement in relation to the draw down on the Standby Equity Distribution Agreement issued on 1 December 2011, the Company announces that it has received conditional approval of the share issue by the TSX Venture Exchange and it has therefore made an application for the admission to AIM ("Admission") of 1,814,059 ordinary shares of no par value in the capital of the Company (the "New Ordinary Shares").

The New Ordinary Shares shall rank pari passu with the Company's existing issued ordinary shares of no par value ("Ordinary Shares") and dealings are expected to commence on 8 December 2011.

Following Admission, the Company's enlarged issued share capital will comprise 190,810,070 Ordinary Shares with one voting right per share. There are no shares held in treasury. The total number of voting rights in the Company is therefore 190,810,070.

This figure of 190,810,070 Ordinary Shares may 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.

 

 

 

ENQUIRIES:

 

Xcite Energy Limited


 

 

 

+44 (0) 1483 549 063

Richard Smith

Chief Executive Officer


Rupert Cole

Chief Financial Officer





Oriel Securities (Joint Broker and Nomad)

+44 (0) 20 7710 7600

Emma Griffin

Partner


Simon Edwards

Partner





Morgan Stanley (Joint Broker)


+44 (0) 20 7425 8000

Andrew Foster

Managing Director





Pelham Bell Pottinger


+44 (0) 20 7861 3232

Mark Antelme

Director


Henry Lerwill

Account Director





Paradox Public Relations


+1 514 341 0408

Jean-Francois Meilleur

Consultant





Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.           

 

Oriel Securities which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Xcite Energy and for no one else in connection with the subject matter of this announcement and will not be responsible to anyone other than Xcite Energy for providing the protections afforded to its clients or for providing advice in connection with the subject matter of this announcement.

 

Morgan Stanley which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Xcite Energy and for no one else in connection with the subject matter of this announcement and will not be responsible to anyone other than Xcite Energy for providing the protections afforded to its clients or for providing advice in connection with the subject matter of this announcement.

 


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