Exercise of Options

RNS Number : 4385O

Egdon Resources PLC

07 November 2016

 

                  7 November 2016

EGDON RESOURCES PLC

 ("Egdon" or "the Company")

Exercise of Options

As a result of the exercise of share options by an employee, on 4 November 2016 Egdon Resources plc (AIM:EDR) issued 100,000 new ordinary shares of 1p each.  Following this, and following the issue of the subscription shares as notified on 1 November 2016, the Company's issued ordinary share capital will be 243,745,490 ordinary shares.

Application has been made to the London Stock Exchange for the 100,000 new ordinary shares, which rank pari passu with the Company's existing issued ordinary shares, to be admitted to trading on AIM. Dealings are expected to commence on or around 11 November 2016.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

For further information please contact:

Egdon Resources plc

Mark Abbott                                                                                                             01256 702 292

Buchanan

Richard Darby, Anna Michniewicz                                                                         020 7466 5000

Nominated Adviser and Broker - Cantor Fitzgerald Europe

David Porter, Sarah Wharry (Corporate Finance)                                                  020 7894 7000

Mark Westcott (Sales)

Joint Broker - VSA Capital Limited

Andrew Monk (Corporate Broking)                                                                         020 3005 5000

Andrew Raca (Corporate Finance)

Notes to Editors:

Egdon Resources plc (LSE: EDR) is an established UK-based exploration and production company primarily focused on onshore exploration and production in the hydrocarbon-producing basins of the UK and France. 

Egdon currently holds interests in forty five licences in the UK and France and has an active programme of exploration, appraisal and development within its balanced portfolio of oil and gas assets.  Egdon is an approved operator in both the UK and France.

Egdon was formed in 1997 and listed on AIM in December 2004.

 

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