Xcite Energy Limited announce additional listing and total voting rights

Thursday, March 22, 2012
  • Following Admission, the Company's enlarged issued share capital will comprise 239,377,218 Ordinary Shares with one voting right per share.

Further to the announcement in relation to the draw down on the Standby Equity Distribution Agreement issued on 21 March 2012, the Company announces that it has received conditional approval of the share issue by the TSX Venture Exchange and it has therefore made an application for the admission to AIM ("Admission") of 8,310,540 ordinary shares of no par value in the capital of the Company (the "New Ordinary Shares").

The New Ordinary Shares shall rank pari passu with the Company's existing issued ordinary shares of no par value ("Ordinary Shares") and dealings are expected to commence on 27 March 2012.

Following Admission, the Company's enlarged issued share capital will comprise 239,377,218 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 239,377,218.

This figure of 239,377,218 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.

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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