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14 Jul 2008 10:25
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Alkane Energy plc (the "Company")
14Β July 2008
Exercise of OptionsΒ
The Company announces that, following an exercise of options today byΒ Cameron Davies, Chief Executive,Β under the Sharesave 2003 Share Option Plan, itΒ has issued and allotted 178,532Β ordinary shares of 0.5 pence each in the capital of theΒ Company ("Ordinary Shares") at a price of 9.2 pence perΒ share.
As a result of this transaction, Dr Davies,Β is now interested inΒ 3,895,832Β Ordinary Shares, representingΒ 4.2Β per cent of the issued share capital.
The Company's issued share capital now consists ofΒ 92,783,878Β Ordinary Shares, with voting rights. The Company does not hold any Ordinary Shares in Treasury.
An application will be made to the London Stock Exchange for the new Ordinary Shares, which will rank pari passu with existing Ordinary Shares, to be admitted to trading on AIM as soon as practicable.
Contacts:
Alkane Energy plc 01623 827 922
Steve Goalby
Brewin Dolphin Investment Banking 0845 270 8610
Andrew Emmott
ENDS
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