RNS Number : 8205W
Cairn Energy PLC
06 February 2012
EMBARGOED FOR RELEASE AT 0700
6 February 2012
CAIRN ENERGY PLC ("Cairn" or the "Company")
Listing of New Ordinary Shares
Following Shareholder approval of the Return of Cash at the General Meeting of Cairn which was held on 30 January 2012, it is expected that the New Ordinary Shares in the Company will be admitted to the Official List maintained by the UK Listing Authority and will commence trading on the main market of the London Stock Exchange at 8.00 a.m. today. The ISIN for the New Ordinary Shares is GB00B74CDH82, and the New Ordinary Shares have replaced the Existing Ordinary Shares. Further details of the Return of Cash are contained in the circular to Shareholders dated 10 January 2012 (the "Circular").
A total of 554,536,307 New Ordinary Shares of 231/169 pence each and 1,407,669,087 B Shares of 1/13 pence each will be in issue following admission.
Application has been made to the UK Listing Authority and to the London Stock Exchange, respectively, for the admission to the Official List and to trading on the London Stock Exchange of 554,536,307 New Ordinary Shares of 231/169 pence each. The B shares will neither be admitted to the Official List of the UK Listing Authority nor to trading on the main market for listed securities of the London Stock Exchange.
The Company issued 14 Existing Ordinary Shares on 3 February 2012 so that the Company's issued share capital prior to the Capital Reorganisation was exactly divisible by 33. The New Ordinary Shares resulting from those Existing Ordinary Shares as a result of the Capital Reorganisation are included in the application for the admission of 554,536,307 New Ordinary Shares of 231/169 pence each. As a condition of the allotment, the proceeds of the sale of the New Ordinary Shares resulting from such allotment, any entitlement to proceeds from the Return of Cash and the proceeds of the sale of any fractional entitlement have been surrendered to the Company.
Terms defined in the Circular have the same meaning when used in this announcement.
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