1 Feb 2012 07:00
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES
TSX-V, LSE-AIM: XEL
1 February 2012
Xcite Energy Limited
("Xcite Energy" or the "Company")
Additional Listing and Total Voting Rights
Further to the announcement in relation to the draw down on the Equity Line Agreement issued on 30 January 2012, the Company announces that it has received approval of the share issue by the TSX Venture Exchange and it has therefore made an application for the admission to AIM ("Admission") of 3,765,060 ordinary shares of no par value in the capital of the Company (the "New Ordinary Shares").
The New Ordinary Shares shall rank pari passu with the Company's existing issued ordinary shares of no par value ("Ordinary Shares") and dealings are expected to commence on 6 February 2012.
Following Admission, the Company's enlarged issued share capital will comprise 209,770,424 Ordinary Shares with one voting right per share. There are no shares held in treasury. The total number of voting rights in the Company is therefore 209,770,424.
This figure of 209,770,424 Ordinary Shares 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 FSA's Disclosure and Transparency Rules.
ENQUIRIES:
Xcite Energy Limited |
+44 (0) 1483 549 063 | |
Richard Smith | Chief Executive Officer | |
Rupert Cole | Chief Financial Officer | |
Oriel Securities (Joint Broker and Nomad) | +44 (0) 20 7710 7600 | |
Emma Griffin | Partner | |
Simon Edwards | Partner | |
Morgan Stanley (Joint Broker) | +44 (0) 20 7425 8000 | |
Andrew Foster | Managing Director | |
Pelham Bell Pottinger | +44 (0) 20 7861 3232 | |
Mark Antelme | Director | |
Henry Lerwill | Account Director | |
Paradox Public Relations | +1 514 341 0408 | |
Jean-Francois Meilleur | Consultant | |
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Oriel Securities which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Xcite Energy and for no one else in connection with the subject matter of this announcement and will not be responsible to anyone other than Xcite Energy for providing the protections afforded to its clients or for providing advice in connection with the subject matter of this announcement.
Morgan Stanley which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Xcite Energy and for no one else in connection with the subject matter of this announcement and will not be responsible to anyone other than Xcite Energy for providing the protections afforded to its clients or for providing advice in connection with the subject matter of this announcement.