Business
Block Listing and Issue of Common Shares
Block Listing and Issue of Common Shares.
About this update from Corcel Plc
[{"type":"text","content":"\n \nCaracal Energy Inc. - Block Listing and Issue of Common Shares\n\nCALGARY, Dec. 27, 2013 /CNW/ - Caracal Energy Inc. (\"Caracal\" or the \"Company\")\n(LSE:CRCL) announces that applications have been made to the Financial Conduct\nAuthority for admission to the Official List, and to the London Stock Exchange\nplc for admission to trading, of a total of 7,471,946 common shares (\"Shares\").\nIt is anticipated that these Shares will be admitted at 8a.m. (GMT) on 31\nDecember 2013.\n\nThe applications have been made in respect of:\n\n· 3,000,000 Shares to be issued on the exercise of share awards made\nunder the Company's Employee Option Plan, which have been reserved under a\nblock listing;\n\n· 1,508,333 Shares to be issued on the exercise of share awards made\nunder the Company's Employee Performance Warrant Plan, which have also been\nreserved under a block listing; and\n\n· 2,963,613 Shares to be issued on 30 December 2013 pursuant to the\nterms of outstanding convertible securities which were issued by the Company on\n13 September 2012.\n\nWhen issued, these Shares will rank pari passu in all respects with the\nexisting Shares of the Company.\n\nAs at 30 December 2013, following the issuance of the 2,963,613 Shares pursuant\nto the terms of outstanding convertible securities, the Company's issued share\ncapital will consist of 146,496,025 common shares. The Company does not hold\nany treasury shares. Therefore, the total number of voting rights in the\nCompany as at 30 December 2013 will be 146,496,025. Shareholders may use this\nfigure as the denominator for the calculations by which they will determine if\nthey are required to notify their interest in, or a change to their interest\nin, the share capital of the Company under the Financial Conduct Authority's\nDisclosure and Transparency Rules (\"DTRs\").\n\nThis announcement is in conformity with DTR 5.6.1A (1).\n\nAbout Caracal Energy Inc.\n\nHeadquartered in Calgary, Canada, Caracal Energy Inc. is an international\nexploration and development company focused on oil and gas exploration,\ndevelopment and production activities in the Republic of Chad, Africa. In 2011,\nthe Company entered into three production sharing contracts (\"PSCs\") from the\ngovernment of the Republic of Chad. These PSCs provide exclusive rights to\nexplore and develop reserves and resources o...