GCM Resources Regulatory News (GCM)

8 Apr 2005 15:04

Asia Energy PLC08 April 2005 ASIA ENERGY PLC ISSUE OF EQUITY AND DIRECTOR'S DEALING Asia Energy PLC ("the Company"), the 100% owner of the Phulbari Energy Projectin north-west Bangladesh, today announces that it has issued and allotted 53,386new Ordinary Shares of 10p each, at a price of 75p, pursuant to an exercise ofwarrants. These new Ordinary Shares are issued under the terms of the Company'sexisting warrant instrument with W.H. Ireland Limited, the Company's previousNominated Adviser and Broker. In addition, a further 157,000 new Ordinary Shares were today issued andallotted, at a price of 75p, pursuant to an exercise of existing options. David Lenigas, a director of the Company, exercised an option over 100,000 newOrdinary Shares of 10p each, at a price of 75p. Mr. Lenigas now holds abeneficial interest in 100,000 Ordinary shares, which represents 0.26% of thecurrent issued capital of the Company. 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 14th April 2005. The total number of Ordinary Shares in issue following this issue is 38,631,024. 8 April 2005 This information is provided by RNS The company news service from the London Stock Exchange