TIDMALK

RNS Number : 5794U

Alkane Energy PLC

30 July 2015

30 July 2015

Alkane Energy plc

("Alkane" or "the Company")

Exercise of Share Options

Alkane Energy plc (AIM: ALK) announces that it has issued 52,023 new ordinary shares of 0.5p each ("Ordinary Shares") following the exercise by an employee of share options under the Company's Sharesave Share Option Plan. The exercise price was 17.30 pence per share.

Application has been made to the London Stock Exchange for the 52,023 Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur at 8:00 a.m. on 5 August 2015. The Ordinary Shares shall 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 162,335,569 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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