19 Jan 2011 12:03
Egdon Resources plc ("Egdon" or the "Company")
Issue of Equity and Total Voting Rights
Egdon announces that pursuant to the exercise of options granted under the Company's Enterprise Management Incentive Scheme, 111,317 ordinary shares of 10 pence have been issued and allotted.
Application has been made for the new ordinary shares to be admitted to trading on AIM and admission is expected to take place on 25 January 2011.
The new ordinary shares will rank pari passu with the existing shares of the Company. Following this allotment, the total issued share capital of the Company will increase to 130,869,094 ordinary shares with an equal amount of voting rights and no shares held in treasury.
Enquiries:
Egdon Resources plc
Mark Abbott, Managing Director 01256 702292
Buchanan Communications
Richard Darby, James Strong 020 7466 5000
Seymour Pierce - Nominated Adviser and Broker
Jeremy Porter, Sarah Jacobs - Corporate Finance 020 7107 8000
Richard Redmayne, Jeremy Stephenson - Corporate Broking
Company Background:
Egdon Resources plc
Egdon Resources plc (LSE: EDR) is an established UK-based exploration and production company primarily focused on onshore exploration and production in the hydrocarbon-producing basins of the UK and Europe.
Egdon currently holds interests in thirty one licences in the UK and France and has an active programme of exploration, appraisal and development within its balanced portfolio of oil and gas assets. Egdon is an approved operator in both the UK and France.
Egdon Resources plc listed on AIM in January 2008, following the demerger of its gas storage business, Portland Gas plc (now renamed Infrastrata plc). The pre-demerged business was formed in 1997 and listed on AIM in December 2004.