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31 Jul 2014 08:00
Mercom Oil Sands plc
("the Company")
Share capital reorganisation effective
Admission of New Ordinary Shares to trading on AIM
Total voting rights
Further to the announcement of 16 July 2014, the share capital reorganisation approved at the General Meeting of the Company held on 24 May 2013 (the "Reorganisation") is now effective.
Under the Reorganisation, every 50 existing ordinary shares of 0.1p each was consolidated into one ordinary share of 5p each ("Consolidated Share"). Each Consolidated Share was then sub-divided into one New Ordinary Share of 0.1p each ("New Ordinary Share") and one deferred share of 4.9p each. As a result, the number of ordinary shares in issue has reduced by a multiple of 50.
11,238,797 New Ordinary Shares have today been admitted to trading on AIM.
It is expected that Shareholders who hold their ordinary shares in CREST will have their CREST accounts credited with their New Ordinary Shares today. Each other holder of New Ordinary Shares will be issued with a new share certificate which is expected to be despatched by 7 August 2014.
ISIN/SEDOL codes
ISIN of New Ordinary Shares | GB00B979BX21 |
SEDOL of New Ordinary Shares | B979BX2 |
At the date of this announcement, the Company's issued share capital comprises 11,238,797 ordinary shares with one voting right per share. There are 200,000 ordinary shares in treasury. The total number of voting rights in the Company is therefore 11,038,797.
The above figure of 11,038,797 may 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 FCA's Disclosure and Transparency Rules.
For further information, contact:
Mercom Oil Sands plc John Zorbas |
001 416 504 3978 |
Northland Capital Partners Limited Edward Hutton / Matthew Johnson | +44 (0) 20 7382 1100 |
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