Exercise of Options

24 Jan 2007 17:23

Meridian Petroleum PLC24 January 2007 Meridian Petroleum Plc (the 'Company') Exercise of Options The Company today announces that it has issued and allotted 300,000 ordinaryshares of 5 pence each ('Ordinary Shares') at a price of 10 pence per share,pursuant to the exercise of share options. The shares will rank pari passu with the existing Ordinary Shares of in theCompany and trading of these shares on AIM is expected to commence on 29 January2007. The total number of Ordinary Shares in issue following this exercise of optionsis 79,949,063. ENDS This information is provided by RNS The company news service from the London Stock Exchange