24 Dec 2010 07:00
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES
TSX-V, LSE-AIM: XEL
24 December, 2010
Xcite Energy Limited
("Xcite Energy" or the "Company")
The Company announces that it has received communication yesterday of the sale of ordinary shares of nil par value ("Ordinary Shares") by overseas entities controlled by certain Directors of the Company.
The shares sold were as follows:
Price | Number of Ordinary Shares sold | ||
Richard E. Smith |
Director |
£3.837 |
1,101,666 |
Stephen A. Kew | Director | £3.837 | 1,101,666 |
Rupert E. Cole | Director | £3.837 | 1,101,666 |
Resultant shareholdings in overseas entities controlled by the respective Directors above are as follows:
No of Ordinary Shares held | Percentage of Xcite Energy | ||
Richard E. Smith |
Director |
5,198,334 |
3.28% |
Stephen A. Kew | Director | 5,212,619 | 3.29% |
Rupert E. Cole | Director | 5,198,334 | 3.28% |
An early warning report will be filed on SEDAR and will be obtainable from the SEDAR website (www.sedar.com).
ENQUIRIES: | ||
Xcite Energy Limited Richard Smith |
Chief Executive Officer |
+44 (0)1330 826740 |
Rupert Cole | Chief Financial Officer | |
Arbuthnot Securities Limited (Nomad and Broker) |
| +44 (0)20 7012 2000 |
Antonio Bossi | Director | |
Pelham Bell Pottinger | +44 (0) 20 7861 3232 | |
Mark Antelme Henry Lerwill
| 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.