Exercise of Share Options

31 Jul 2009 14:11



31 July 2009 

Ramco Energy plc ("Ramco" or the "Company") 

Exercise of Share Options

Ramco, the Aberdeen-based energy investment company, announces that, following the exercise of 70,000 share options by a former employee, it has allotted and issued, conditional upon admission to the AIM market, 70,000 new ordinary shares ("New Ordinary Shares") of 10p each. 

The exercise of the share options, which were granted, under the Company Share Option Plan in July 2005 at a price of 34p per share, results in the Company receiving £23,800 as proceeds of the exercise. 

Application will be made for the New Ordinary Shares to be admitted to AIM and dealings are expected to commence on 6 August 2009.

Following the issue of the New Ordinary Shares, the total number of issued ordinary shares in the Company will be 53,089,279. 

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