Business
Issue of Equity and TVR
Issue of Equity and TVR.
About this update from Xtract Resources Plc
[{"type":"text","content":"\n RNS Number : 1088B Xtract Energy plc 11 February 2011 \n \n\nAIM: XTR\n \nXTRACT ENERGY PLC\n(\"Xtract\" or the \"Company\")\n \nExercise of warrants and TVR\nXtract Energy plc announces that today, following an exercise of warrants at an exercise price of 2.5p, 20,000,000 ordinary shares of 0.1p each (the \"New Ordinary Shares\") have been issued in the Company. \nApplication has been made for admission of the New Ordinary Shares, which will rank pari passu with existing ordinary shares, to trading on the AIM market. Admission is expected to occur on 17 February 2011. \nThere are no further outstanding warrants in the Company.\nFollowing admission of the New Ordinary Shares, Xtract will have 914,965,026 ordinary shares in issue and each share has the right to one vote. Therefore for the purposes of the FSA Disclosure and Transparency Rules the total number of voting rights in the Company is 914,965,026. \nThe above figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify the Company of their interests in, or change to their interests in, Xtract Energy plc under the FSA's Disclosure and Transparency Rules. \nEnquiries please contact:\n\n\n\n\nXtract Energy\n\n\nPeter Moir, Director\n\n\n+44 (0)137 237 1071\n\n\n\n\nCenkos Securities Plc\n\n\nJon Fitzpatrick\nBeth McKiernan\n\n\n+44 (0)207 397 8900\n+44 (0)131 220 6939\n \n\n\n\n\n \nAbout Xtract Energy \nXtract identifies and invests in a diversified portfolio of early stage energy sector technologies and businesses with significant growth potential. The Company aims to work closely with the associated management teams to achieve critical project milestones, to finance later development stages, and to build and crystallise value for all shareholders and partners. \nFor further information on Xtract please visit www.xtractenergy.co.uk \nA short description of the principal assets of Xtract is set out below. These assets are either held directly or through wholly owned subsidiaries of the Company. \nExtrem Energy AS (\"Extrem Energy\") \nExtrem Energy is an exploration and production joint venture with Merty Energy of Turkey. The JV's aim is to create a new medium-sized oil and gas exploration and production business, initially focused on Turkey where Merty Energy has pa...