Xcite Energy Limited ("Xcite Energy" or the "Company") Exercise of Share Options
04 August 2010 - 4:00PM
Marketwired
This Announcement Is Not for Release, Publication or Distribution
in or Into the United States.
Xcite Energy (TSX-V: XEL) (LSE: XEL) (AIM: XEL) - The Company
announces that application has been made for the admission to AIM
("Admission") of 250,000 new ordinary shares without par value in
the Company ("Ordinary Shares"), pursuant to the exercise of
options. The new Ordinary Shares shall rank pari passu with the
Company's existing issued Ordinary Shares and dealings are expected
to commence on 9 August 2010.
Following Admission, the Company's enlarged issued share capital
will comprise 134,540,520 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 134,540,520.
This figure of 134,540,520 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.
Neither 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.
ENQUIRIES: Xcite Energy Limited +44 (0) 1330 826740 Richard
Smith Chief Executive Officer Rupert Cole Chief Financial Officer
Arbuthnot Securities Limited (Nomad and Broker) +44 (0)20 7012 2000
Antonio Bossi Director Pelham Bell Pottinger +44 (0) 20 7861 3232
Mark Antelme Director Henry Lerwill Paradox Public Relations +1 514
341 0408 Jean-Francois Meilleur Consultant
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