Kea Petroleum plc (AIM: KEA), will be applying to the London Stock Exchange for the admission of 480,000 ordinary shares in the capital of Kea to trading on AIM. These shares were issued on 27 August 2012 at a price of 8p per share as a result of the exercise of warrants and rank pari passu with the existing issued ordinary shares of the Company. Details of the warrants can be found within the Admission Document.
The warrants were exercised by senior staff and officers of the company and include 200,000 shares allotted to John Dennehy, a Non-Executive Director of the Company. Following this transaction John Dennehy's total beneficial interest in Kea is 800,177 Ordinary Shares, representing approximately 0.16% of its issued share capital.
Admission is expected to become effective and dealings to commence in these shares on 03 October 2012.
Following the issue of these new shares the issued ordinary share capital of Kea now consists of 509,835,000 ordinary shares of 1 penny each with voting rights. No ordinary shares are held in treasury.
Warrant holders will have until 28 September 2012 to exercise their warrants.
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