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4 Aug 2010 07:01
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THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES
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TSX-V, LSE-AIM: XEL
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Xcite Energy Limited
("Xcite Energy" or the "Company")
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4 August 2010
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Exercise of Share Options
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The Company announces thatΒ application has been made for the admission toΒ AIMΒ ("Admission")Β ofΒ 250,000 newΒ ordinaryΒ sharesΒ without par valueΒ in the Company ("Ordinary Shares"), pursuant to the exercise ofΒ options. The newΒ OrdinaryΒ SharesΒ shall rank pari passu with the Company's existing issued Ordinary Shares and dealings are expected to commence onΒ 9 August 2010.
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Following Admission, the Company's enlarged issued share capital will compriseΒ 134,540,520Β Ordinary SharesΒ with one voting right per share.Β There areΒ no shares held inΒ treasury.Β The total number of voting rights in the Company is thereforeΒ 134,540,520.
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This figure ofΒ 134,540,520Β 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.
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ENQUIRIES: Β Xcite Energy Limited |
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Β Β +44 (0) 1330 826740 |
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Richard Smith |
Chief Executive Officer |
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Rupert Cole |
Chief Financial Officer |
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Arbuthnot Securities Limited (Nomad and Broker) |
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+44 (0)20 7012 2000Β |
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Antonio Bossi |
Director |
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Pelham Bell Pottinger |
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+44 (0) 20 7861 3232 |
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Mark Antelme Henry Lerwill Β |
Director |
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Paradox Public Relations |
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+1 514 341 0408 |
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Jean-Francois Meilleur |
Consultant |
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Neither 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.
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