TIDMALK

RNS Number : 5460S

Alkane Energy PLC

08 July 2015

8 July 2015

Alkane Energy plc

("Alkane" or "the Company")

Exercise of Share Options

Alkane Energy plc (AIM: ALK) announces that it has issued 67,280 new ordinary shares of 0.5p each ("Ordinary Shares") following the exercise by a former employee of share options under the Company's Employee Share Option Plan. The exercise price was 20.25 pence per share.

Application has been made to the London Stock Exchange for the 67,280 Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur at 8:00 a.m. on 14 July 2015. The Ordinary Shares will rank pari passu with the existing ordinary shares in the Company.

Following Admission, the Company's enlarged issued share capital and total number of voting rights will be 162,283,546 Ordinary Shares. There are no shares held in treasury.

Enquiries:

 
     Alkane Energy plc                  Tel: +44 (0) 1623 827927 
      Neil O'Brien/Steve Goalby 
     Liberum                            Tel: +44 (0) 20 3100 
      Clayton Bush/Joshua Hughes         2000

This information is provided by RNS

The company news service from the London Stock Exchange

END

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