Exercise of Options

13 Jul 2005 15:35

Alkane Energy PLC13 July 2005 ALKANE ENERGY PLC (the Company") 13 JULY 2005 EXERCISE OF OPTIONS The Company announces that today, following the exercise of share options underthe Company's 2000 Pre-admission Share Option Plan, it has issued and allotted67,000 new ordinary shares of 0.5 pence each. The exercise price was 10.5p pershare. The issued ordinary share capital of the Company is now 90,864,043 ordinaryshares of 0.5 pence each. Application will be made for the new ordinary shares to be admitted to AIM assoon as practicable. ENDS This information is provided by RNS The company news service from the London Stock Exchange