Regal Petroleum PLC
18 June 2007
Immediate Release 18 June 2007
REGAL PETROLEUM PLC
('Regal' or the 'Company')
Completion of Share Acquisition pursuant to
Subscription and Services Agreement dated 8 September 2006
Following the passing of the Ordinary Resolution at the Extraordinary General
Meeting of the Company held on 25 May 2007, in relation to the proposed
amendments to the Subscription and Services Agreement between Alberry Limited,
Regal Petroleum Corporation Limited ('RPC') and the Company, Regal announces
that it has completed the acquisition from Alberry Limited of 1,800 shares (the
'Shares') in the capital of RPC. RPC is now a wholly owned subsidiary of Regal.
In consideration for the acquisition of the Shares referred to above, 13,910,623
ordinary shares of 5 pence each in the capital of the Company have been allotted
and issued to Alberry Limited. These shares shall rank pari passu with the
Company's existing ordinary shares of 5 pence each and such shares are expected
to be admitted to trading on AIM on 21 June 2007.
For further information please contact:
Regal Tel: 020 7408 9500
Neil Ritson, Chief Executive Officer
Frank Scolaro, Chairman
Evolution Securities Tel: 020 7071 4300
Nominated Adviser and Joint Broker
Robert Collins
Mirabaud Securities Tel: 020 7321 2508
Pav Sanghera
This information is provided by RNS
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