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20 Nov 2008 09:19
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Ramco Energy plcΒ
Exercise of warrantsΒ
Aberdeen,Β ScotlandΒ -Β 20thΒ November 2008
The exerciseΒ of the warrants, which were granted in June 2007 at aΒ price of 14pΒ per share,Β resultsΒ in theΒ Company receiving Β£700,000 as proceedsΒ of the exercise.
Following the issue of theΒ NewΒ Ordinary Shares,Β LC's holding in the CompanyΒ will beΒ 6,702,380Β Ordinary Shares, representingΒ 14.5Β per cent. of the enlarged issued share capital of the Company. StevenΒ Lampe,Β a Non-Executive Director of the Company,Β is managing member of Lampe, Conway & Co LLC,Β the investment manager of LC,Β andΒ as resultΒ has a non-beneficial interest in theΒ LCΒ shareholdingΒ in the Company.
Application will be made for the New Ordinary Shares to be admitted toΒ AIMΒ and dealings are expected to commence onΒ 26thNovember 2008.
Following the issue of the New Ordinary Shares,Β the total number of issued ordinary shares in the CompanyΒ will beΒ 46,109,279.Β
20Β November 2008
ENQUIRIES:
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Ramco Energy plcΒ |
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Chris Moar |
Finance Director |
01224 748480 |
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John East & Partners Limited |
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David Worlidge |
020 7628 2200 |
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College HillΒ |
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Nick ElwesΒ |
020 7457 2020 |
www.ramco-plc.comΒ
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