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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  XCITE ENERGY LIMITED    XEL   VGG9828A1194

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XCITE ENERGY LIMITED : London, 15 November 2011 Xcite Energy confirms details of additional listing

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11/16/2011 | 11:41am CET
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION TSX-V, LSE-AIM: XEL

15 November 2011

Xcite Energy Limited ("Xcite Energy" or the "Company") Additional Listing and Total Voting Rights

Further to the announcement in relation to the draw down on the Standby Equity Distribution Agreement issued on 11 November 2011, the Company announces that it has received conditional approval of the share issue by the TSX Venture Exchange and it has therefore made an application for the admission to AIM ("Admission") of
2,168,257 ordinary shares of no par value in the capital of the Company (the "New
Ordinary Shares").
The New Ordinary Shares shall rank pari passu with the Company's existing issued ordinary shares of no par value ("Ordinary Shares") and dealings are expected to commence on 18 November 2011.
Following Admission, the Company's enlarged issued share capital will comprise
188,996,011 Ordinary Shares with one voting right per share. There are no shares held in treasury. The total number of voting rights in the Company is therefore
188,996,011.
This figure of 188,996,011 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

ENQUIRIES:

Xcite Energy Limited +44 (0) 1483 549 063

Richard Smith Chief Executive Officer

Rupert Cole Chief Financial Officer

Oriel Securities (Joint Broker and Nomad) +44 (0) 20 7710 7600

Emma Griffin

Simon Edwards

Partner

Partner

Morgan Stanley (Joint Broker) Andrew Foster

Managing Director

+44 (0) 20 7425 8000

Pelham Bell Pottinger

Mark Antelme

Director

+44 (0) 20 7861 3232

Henry Lerwill

Account Director

Paradox Public Relations

Jean-Francois Meilleur

Consultant

+1 514 341 0408

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Oriel Securities which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Xcite Energy and for no one else in connection with the subject matter of this announcement and will not be responsible to anyone other than Xcite Energy for providing the protections afforded to its clients or for providing advice in connection with the subject matter of this announcement.

Morgan Stanley which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Xcite Energy and for no one else in connection with the subject matter of this announcement and will not be responsible to anyone other than Xcite Energy for providing the protections afforded to its clients or for providing advice in connection with the subject matter of this announcement.

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Number of Analysts 0
Average target price 0,19  GBP
Spread / Average Target 1 106%
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Managers
NameTitle
Rupert E. Cole CEO, Secretary & Executive Director
Timothy Stephen Jones Chairman
E. Matthew Bower Chief Operating Officer
Andrew John Fairclough Chief Financial Officer & Executive Director
Charles Lucas-Clements Director-Business Development
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