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New World Oil And Gas Regulatory News (NEW)



Regulatory News for New World Oil And Gas (NEW)


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Issue of Equity, Directors' Dealings, TVR

Wed, 17th Feb 2016 17:32

RNS Number : 3921P
New World Oil & Gas
17 February 2016
 

New World Oil and Gas Plc / Index: AIM / Epic: NEW / Sector: Oil & Gas

 

For immediate release                                                           17 February 2016

 

New World Oil and Gas Plc ('New World' or the 'Company')

 

Issue of Equity

Directors' Dealings

Total Voting Rights

 

New World Oil and Gas Plc, the oil and gas exploration and development company, today announces the issue of a total of 155,189,367 new ordinary shares in the Company, representing 3.38% of the existing issued share capital.

 

82,764,767 new ordinary shares in the Company, at an average price of 0.275p per share, are being issued in part payment for services rendered in relation to the Company's operations.    There are currently no other outstanding fees with suppliers.

 

In addition, and as part of their directors' fees accrued since Q2 2013 and under existing arrangements, a total of 72,424,600 ordinary shares are being issued to the following Directors and former Director at an average of 0.23p per share as set out in the table below.   There are no further shares being accrued by Directors.

 

Director

Number of new ordinary shares issued

Subsequent total holding

Percentage of ordinary shares following issue of  new ordinary shares

Chris Einchcomb

24,700,672

26,864,190

0.57

Stephen Polakoff

20,305,341

21,959,988

0.46

 

Former Director

Number of new ordinary shares issued

Subsequent total holding

Percentage of ordinary shares following issue of  new ordinary shares

Frederick Hodder

27,418,587

29,296,503

0.62

 

 

Application has been made for a total of 155,189,367 new ordinary shares, which will rank pari passu with all existing ordinary shares in the Company, to be admitted to trading on AIM ("Admission").    Admission is expected to take place on or around 22 February 2016.

 

The Company has no ordinary shares held in treasury and as a result, the total number of voting rights in the Company will be 4,746,786,108.  This figure may therefore 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 Financial Conduct Authority's Disclosure and Transparency Rules.

 

 

* *ENDS* *

 

For further information please visit www.nwoilgas.com or contact:

 

Enquiries:



Georges Sztyk

 

New World Oil and Gas plc

Tel: +1 646 407 9946

Felicity Geidt

Beaumont Cornish Limited

Tel: +44 (0) 20 7628 3396

Roland Cornish

Beaumont Cornish Limited

Tel: +44 (0) 20 7628 3396




Lottie Brocklehurst

St Brides Partners Ltd

Tel: +44 (0) 20 7236 1177

Frank Buhagiar

St Brides Partners Ltd

Tel: +44 (0) 20 7236 1177

 

 

 

 

 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCTRMRTMBTBBLF






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