Demerger Effective

16 Jan 2008 13:40

Egdon Resources PLC16 January 2008 Egdon Resources Plc Demerger effective Egdon Resources Plc, the independent on-shore UK focussed energy company("Egdon") announces that the Court has approved the scheme of arrangement andreduction of capital and accordingly the demerger of Egdon Resources Plc intoNew Egdon and Portland Gas plc is now complete. Accordingly admission to tradingof the ordinary shares in Egdon Resources Plc will be cancelled at 8.00amtomorrow and trading is expected to commence in New Egdon (which has beenrenamed Egdon Resources plc) and Portland Gas plc at 8.00am tomorrow. Pursuant to the demerger the holders of ordinary shares in Egdon Resources Plcat 6.00pm on Monday 14 January 2008 will receive, for each ordinary share heldin Egdon Resources Plc, one ordinary share in New Egdon (which has been renamedEgdon Resources plc) and one ordinary share in Portland Gas plc. Enquiries: Egdon Resources PlcMark Abbott, Joint Managing Director 01256 702 292Andrew Hindle, Joint Managing Director 0208 332 1200 Buchanan CommunicationsBen Willey 020 7466 5000Nicholas Melson 020 7466 5000 Seymour PierceJonathan Wright 020 7107 8000Sarah Jacobs 020 7107 8000 This information is provided by RNS The company news service from the London Stock Exchange