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Bayfield Energy: Exercise of options, issue of equity and total voting rights

Thursday, March 15, 2012
  • Application has been made for the new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 21 March 2012.

Bayfield Energy announces that it has issued and allotted 500,000 new ordinary shares of US$0.10 each in the Company ("Ordinary Shares") pursuant to the exercise of options. Application has been made for the new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 21 March 2012.

The new ordinary shares will rank pari passu with the existing shares of the Company. Following the exercise of options, the number of Ordinary shares in issue, and the total number of voting rights, has increased to 215,479,442. This is the figure which 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.

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

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