GCM Resources Regulatory News (GCM)

1 Jul 2005 08:09

Asia Energy PLC01 July 2005 ASIA ENERGY PLC ISSUE OF EQUITY 01 July 2005 Asia Energy PLC ("the Company"), the 100% owner of the Phulbari Energy Projectin north-west Bangladesh, today announces that pursuant to an exercise ofexisting options, it has issued and allotted 85,000 new Ordinary Shares of 10peach, at a price of 75p to a staff member under the terms of their existingoption deed. The new Ordinary Shares will rank pari passu with the existing Ordinary Sharesof 10p each in the Company and trading of these shares on AIM is expected tocommence on 7 July 2005. The total number of Ordinary Shares in issue following this issue is 40,011,024. This information is provided by RNS The company news service from the London Stock Exchange