Xcite Energy Limited ("Xcite Energy" or the "Company") Director/PDMR Shareholding
December 24 2010 - 2:00AM
Marketwired
This announcement is not for release, publication or distribution
in or into the United States.
The Company (TSX-V: XEL) (LSE: XEL) (AIM: XEL) announces that it
has received communication yesterday of the sale of ordinary shares
of nil par value ("Ordinary Shares") by overseas entities
controlled by certain Directors of the Company.
The shares sold were as follows:
Number of Ordinary
Price Shares sold
Richard E. Smith Director £3.837 1,101,666
Stephen A. Kew Director £3.837 1,101,666
Rupert E. Cole Director £3.837 1,101,666
Resultant shareholdings in overseas entities controlled by the
respective Directors above are as follows:
No of Ordinary Percentage of Xcite
Shares held Energy
Richard E. Smith Director 5,198,334 3.28%
Stephen A. Kew Director 5,212,619 3.29%
Rupert E. Cole Director 5,198,334 3.28%
An early warning report will be filed on SEDAR and will be
obtainable from the SEDAR website (www.sedar.com).
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.
ENQUIRIES: Xcite Energy Limited +44 (0)1330 826740
Richard Smith Chief Executive Officer Rupert Cole Chief Financial
Officer Arbuthnot Securities Limited (Nomad and Broker) +44
(0)20 7012 2000 Antonio Bossi Director Pelham Bell Pottinger
+44 (0) 20 7861 3232 Mark Antelme Director Henry Lerwill Paradox
Public Relations +1 514 341 0408 Jean-Francois Meilleur
Consultant