RPT.L Regulatory News (RPT)

18 Jun 2007 07:01

Regal Petroleum PLC18 June 2007 Immediate Release 18 June 2007 REGAL PETROLEUM PLC ("Regal" or the "Company") Completion of Share Acquisition pursuant to Subscription and Services Agreement dated 8 September 2006 Following the passing of the Ordinary Resolution at the Extraordinary GeneralMeeting of the Company held on 25 May 2007, in relation to the proposedamendments to the Subscription and Services Agreement between Alberry Limited,Regal Petroleum Corporation Limited ("RPC") and the Company, Regal announcesthat it has completed the acquisition from Alberry Limited of 1,800 shares (the"Shares") in the capital of RPC. RPC is now a wholly owned subsidiary of Regal. In consideration for the acquisition of the Shares referred to above, 13,910,623ordinary shares of 5 pence each in the capital of the Company have been allottedand issued to Alberry Limited. These shares shall rank pari passu with theCompany's existing ordinary shares of 5 pence each and such shares are expectedto be admitted to trading on AIM on 21 June 2007. For further information please contact: Regal Tel: 020 7408 9500 Neil Ritson, Chief Executive OfficerFrank Scolaro, Chairman Evolution Securities Tel: 020 7071 4300Nominated Adviser and Joint BrokerRobert Collins Mirabaud Securities Tel: 020 7321 2508Pav Sanghera This information is provided by RNS The company news service from the London Stock Exchange