Issue of Equity

14 Oct 2005 09:31

Asia Energy PLC14 October 2005 ASIA ENERGY PLC ISSUE OF EQUITY 14 October 2005 Asia Energy PLC ("the Company") today announces that it has issued and allotted50,000 new Ordinary Shares of 10p each to key staff in consideration ofachieving Environmental Clearance and for lodging the Scheme of Development forits Phulbari Coal Mine Project in north-west Bangladesh. The new Ordinary Shares will rank pari passu with the existing Ordinary Sharesof 10p each in the Company and trading of these shares on AIM is expected tocommence on 21 October 2005. The total number of Ordinary Shares in issue following this issue is 41,164,357. This information is provided by RNS The company news service from the London Stock Exchange