RNS Number : 3687X
Ramco Energy PLC
24 June 2008
Ramco Energy plc
("Ramco" or the "Company")
FURTHER RE: ACQUISITION ISSUE OF EQUITY
Further to yesterday's announcement regarding the payment of deferred consideration in
respect of the acquisition of Eagle HC Limited
("Eagle"), Ramco, the Aberdeen-based exploration company, confirms that the £0.5 million of
deferred consideration for the acquisition will
be satisfied through the issue of new ordinary shares in Ramco ("New Shares").
Ramco has today issued 1,317,292 New Shares to the vendors of Eagle. The shares were
issued at 37.96p, the average closing mid-market
price for the 15 business days immediately prior to the issue of the shares.
Application will be made for the 1,317,292 New Shares to be admitted to trading on the AIM
Market and dealings are expected to commence
on AIM on 30 June 2008. Following admission of the New Shares, the Company will have
39,148,503 ordinary shares in issue.
24 June 2008
ENQUIRIES:
Ramco Energy plc
Steven Bertram Managing Director 01224 748480
John East & Partners Limited
Simon Clements / Bidhi Bhoma 020 7628 2200
College Hill
Nick Elwes 020 7457 2020
This information is provided by RNS
The company news service from the London Stock Exchange
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