Kea Petroleum PLC Issue and Allotment of Ordinary Shares (2390S)
September 22 2014 - 5:15AM
UK Regulatory
TIDMKEA
RNS Number : 2390S
Kea Petroleum PLC
22 September 2014
For immediate release 22 September 2014
Kea Petroleum plc
("Kea" or the "Company")
Issue and Allotment of Ordinary Shares following Exercise of
Conversion Rights
Kea Petroleum plc (AIM: KEA), the oil and gas company focused on
New Zealand, announces that it has received a notice of exercise by
Darwin Strategic Limited ("Darwin") to convert GBP500,000 of
Darwin's Convertible Loan Notes at a gross conversion price of 1.0p
per share. Details of the Convertible Loan Notes ("CLNs") were
announced by Kea on 23 May 2014 pursuant to which 50,000,000
ordinary shares (the "Conversion Shares") now fall to be issued.
These shares represent the final tranche of Conversion Shares to be
issued in connection with the CLNs facility announced on 23 May
2014.
Application has been made for the Conversion Shares to be
admitted to trading on AIM with admission expected to take place on
26 September 2014. The Conversion Shares will rank pari passu in
all respects with all existing ordinary shares in the Company.
Following admission of the Conversion Shares, the Company's
enlarged issue share capital will comprise 939,869,567 ordinary
shares with voting rights.
For further information please contact:
Kea Petroleum plc Tel: +44 (0)20 7340
David Lees, Executive Director 9970
WH Ireland Limited (NOMAD) Tel: +44 (0)20 7220
James Joyce 1666
James Bavister
Darwin Strategic Ltd. Tel +44 (0) 20 7491
Anand Sambasivan 6512
Jamie Vickers
Buchanan Tel: +44 (0)20 7466
Mark Court 5000
Sophie Cowles
Notes to Editors
Kea Petroleum is an AIM listed oil and gas exploration company
with interests in three petroleum exploration permits in the
Taranaki Basin of New Zealand. Kea listed on the London AIM market
in February 2010.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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