Kea Petroleum announce replacement Warrants Exercised

Thursday, August 30, 2012

The following amendment has been made to the 'Warrants Exercised' announcement released on 28 August 2012 at 12:20pm under RNS No 9016K

The previous announcement stated "Admission is expected to become effective and dealings to commence in these shares on 03 October 2012". It should have stated "Admission is expected to become effective and dealings to commence in these shares on 03 September 2012".

All other details remain unchanged.

The full amended text is shown below.

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 September 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

Related News

Join 70,000 other oil and gas professionals

Network with others, build your profile, and receive the latest oil and gas news in your inbox. It's free!

Your details are never shared or sold. We hate spam too.

» More Jobs       » Upload a free Job       » Upload your CV

More Europe Jobs

More Global Jobs

Opinion & Commentary

  • Eight pieces of our oil price predicament
    A person might think that oil prices would be fairly stable. Prices would set themselves at a level that would be high enough for the majority of producers, so ...
  • Give us a break...
    I see that Oil & gas UK has been talking again about the need for George Osborne to ‘put his money where his mouth is’ (I paraphrase!) and change the fiscal terms operati ...
  • Why it's different this time
    Is this downturn in oil prices going to be different for investors? I think it might. In fact, I think North American energy companies have a good chance of withstanding th ...

» More Opinion & Commentary         » Write for us             RSS RSS

Oil & Gas Training

Mastering 4D Seismic
Ian Jack, London, 06 Nov 2014

Petroleum Geology of West Africa
Duncan Macgregor, London, 12 Nov 2014

Introduction to Contingency Planning: The value to oil and gas companies in high-risk areas
Mark Theobald, London, 18 Nov 2014

All Upcoming Training

Opinions & Commentary

Oil price, Tullow, Chariot, FOGL, Sundry-Weatherford-Core Labs-BP-Total-Range-Northern Pet-Jupiter-Tangiers, and finally...

by Malcolm Graham-Wood

Read More »