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92% of Warrants Exercised

28 Jul 2005 07:05

Providence Resources PLC28 July 2005 Providence Resources P.l.c. 28 July 2005 Providence Raises €4.6 million with 92% of Warrants Exercised Providence Resources P.l.c. is pleased to report that 102.9 million warrantshave been exercised by participating shareholders at a price of €0.045 per shareduring the period ending 22 July 2005, resulting in an additional €4.63 millioncash for Providence from warrants exercised during the last 12 months.This result is equivalent to 92% of the 111 million warrants issued under theRights Issue and Subscription in 2004. As previously advised, the exerciseperiod has now expired. Speaking this morning, Tony O'Reilly Jnr, Chief Executive Designate, said: "This successful financing result demonstrates shareholders' ongoing support for Providence's strategy. The Company has recently commenced trading on AIM and our active oil and gas portfolio in Ireland, the UK and offshore Nigeria, where the drilling programme in the Aje Field will shortly commence, provides a broad range of opportunities for Providence shareholders". Contacts: Providence Tel: +353 1 6675740 Tony O'Reilly Jnr. - Chief ExecutiveDesignate Stephen Carroll - Finance Director Powerscourt Tel: +44 (0) 207 236 5615 Rory Godson Mob: +44 (0) 7909 926 020 Victoria Brough Mob: +44 (0) 7967 044 840 Murray Consultants Tel: +353 1 4980300 Pauline McAlester NOTES TO EDITORS WARRANTS EXERCISED DURING THE PERIOD ENDING 22 JULY 2005: •Indexia Holdings Limited 22.2 million = €1.0 million (exercised in April 2005) 66.2 million = €2.98 million (exercised following EGM whitewash approval in July 2005) •Retail holders 14.5 million = €0.65 million (exercised over 12 month period ending 22 July 2005) Indexia Holdings Limited is a company controlled by Sir Anthony O'Reilly who inturn has a beneficial interest 47.5% of the total issued share capital ofProvidence. GENERAL Providence's active oil and gas portfolio includes interests in Ireland (offshore), the UK (onshore and offshore) and West Africa (offshore Nigeria). Providence's portfolio is balanced between production, appraisal and exploration assets, as well as being diversified geographically. Comprehensive information on Providence and its oil and gas portfolio, including the AIM Admission document and Annual Report 2004 are all available from Providence's website at www.providenceresources.com Providence's AGM will be held on Friday 5 August 2005 at the Burlington Hotel, Dublin 4 at 11:00 a.m. ENDS This information is provided by RNS The company news service from the London Stock Exchange
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26th Oct 20217:00 amGNWOperational Update
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22nd Jul 20214:00 pmGNWResult of AGM
22nd Jul 20217:00 amGNWSignificant Strengthening of Board to Progress Barryroe Project
7th Jul 20211:50 pmRNSNotification of Interest in Share Capital
25th Jun 20214:00 pmGNWNotice of AGM and posting of Annual Report
21st Jun 20217:05 amGNWBoard Changes
21st Jun 20217:00 amGNWAnnual Results
2nd Jun 202110:30 amGNWNotification of Interest in Share Capital
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14th May 202111:00 amGNWNotification of Interest in Share Capital
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14th May 20217:00 amGNWAppointment of Senior Independent Non-Executive Director
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29th Apr 20212:00 pmGNWExercise of Warrants (replacement of announcement issued April 27)
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22nd Apr 20217:00 amGNWFarm-out Agreement Update
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23rd Feb 20213:00 pmGNWResult of EGM
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28th Jan 20215:08 pmGNWCLARIFICATION AS TO TIME FOR DELIVERY OF FORMS OF PROXY AND RECORD TIME FOR VOTING
27th Jan 20217:00 amGNWProposed Migration Of Shares
10th Dec 20209:39 amGNWExercise of Warrants
1st Dec 20204:41 pmRNSSecond Price Monitoring Extn

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