ABERDEENSHIRE, UNITED KINGDOM--(Marketwire - October 13, 2011) -
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR
INTO THE UNITED STATES
TSX-V, LSE-AIM: XEL
14th October 2011
Xcite Energy Limited
("Xcite Energy" or the "Company")
Exercise of Share Warrants
The Company announces that application has been made for the admission
to AIM("Admission")of 463,958 new ordinary shares without par
value in the Company ("Ordinary Shares"), pursuant to the exercise
of warrants.The new Ordinary Shares shall rank pari passu with the
Company's existing issued Ordinary Shares and dealings are expected to
commence on 19th October 2011.
Following Admission, the Company's enlarged issued share capital will
comprise 184,120,250 Ordinary Shares with one voting right per
share.There are no shares held intreasury.The total number of voting
rights in the Company is therefore 184,120,250.
This figure of 184,120,250 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) 207 710 7600
Emma Griffin Partner
Simon Edwards Partner
Morgan Stanley (Joint Broker) +44 (0) 207 425 8000
Andrew Foster Managing Director
Pelham Bell Pottinger +44 (0) 207 861 3232
Mark Antelme Director
Henry Lerwill
Paradox Public Relations +1 514 341 0408
Jean-Francois Meilleur Consultant
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
