20 Nov 2008 09:19
Ramco Energy plc
Exercise of warrants
Aberdeen, Scotland - 20th November 2008
The exercise of the warrants, which were granted in June 2007 at a price of 14p per share, results in the Company receiving £700,000 as proceeds of the exercise.
Following the issue of the New Ordinary Shares, LC's holding in the Company will be 6,702,380 Ordinary Shares, representing 14.5 per cent. of the enlarged issued share capital of the Company. Steven Lampe, a Non-Executive Director of the Company, is managing member of Lampe, Conway & Co LLC, the investment manager of LC, and as result has a non-beneficial interest in the LC shareholding in the Company.
Application will be made for the New Ordinary Shares to be admitted to AIM and dealings are expected to commence on 26thNovember 2008.
Following the issue of the New Ordinary Shares, the total number of issued ordinary shares in the Company will be 46,109,279.
20 November 2008
ENQUIRIES:
| Ramco Energy plc | ||
| Chris Moar | Finance Director | 01224 748480 |
| John East & Partners Limited | ||
| David Worlidge | 020 7628 2200 | |
| College Hill | ||
| Nick Elwes | 020 7457 2020 |
www.ramco-plc.com