AIM Application and Allotment of Shares

RNS Number : 7879J

BowLeven Plc

21 December 2015

 

21 December 2015

Bowleven plc ("Bowleven" or the "Company")

ISSUE OF SHARES TO EBT

Bowleven, the Africa focused oil and gas exploration group, announces that it has applied for 2,926,985 new ordinary shares of 10p each ("Ordinary Shares") in the Company to be admitted to trading on AIM on 22 December 2015.  These Ordinary Shares, which were formally allotted today, have been issued to the trustee of Bowleven's employee benefit trust ('EBT') for the purpose of satisfying future vestings of awards granted under the Company's 2006 Long Term Incentive Plan.  The new Ordinary Shares rank pari passu with the existing Ordinary Shares in the Company.  

Total Voting Rights

Following the issue of the 2,926,985 Ordinary Shares, the Company has a total of 327,275,601 Ordinary Shares in issue each carrying one voting right. The Company does not hold any shares in Treasury. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

The above information is provided by the Company in accordance with its obligations under the FCA's Disclosure and Transparency Rules.

ENQUIRIES

For further information please contact:

Bowleven plc

Kevin Hart, Chief Executive                                                                        00 44 131 524 5678

Kerry Crawford, Finance Director/Head of IR     

Brunswick Group LLP

Patrick Handley                                                                                                00 44 207 404 5959

Simon Maine                                                  

Macquarie Capital (Europe) Limited (Nomad)                                             

Jon Fitzpatrick                                                                                     00 44 203 037 2000

Ken Fleming

Nick Stamp

Notes to Editors:

Bowleven is an African focused oil and gas exploration group, based in Edinburgh and traded on AIM. Bowleven's strategy is focused on creating and realising material value principally through exploration led organic growth.  Bowleven holds equity interests in two permits in Cameroon, with one located offshore in shallow water (operated by NewAge) and the other onshore (operated by Bowleven).

Bowleven also holds an equity interest in an onshore block in Kenya, operated by Adamantine Energy, and has been awarded three blocks in Zambia, with applications on two blocks pending.

 

END

 

 

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