Xcite Energy Limited ("Xcite Energy" or the "Company") Additional Listing and Total Voting Rights
February 02 2011 - 2:00AM
Marketwired
This Announcement Is Not for Release, Publication or Distribution
in or Into the United States.
Xcite Energy Limited (TSX-V: XEL) (LSE: XEL) (AIM: XEL) --
Further to the announcement in relation to the draw down on the
Standby Equity Distribution Agreement issued on 1 February 2011,
the Company announces that it has received approval of the share
issue by the TSX Venture Exchange and it has therefore made an
application for the admission to AIM ("Admission") of 1,440,922
ordinary shares of no par value in the capital of the Company (the
"New Ordinary Shares").
The New Ordinary Shares shall rank pari passu with the Company's
existing issued ordinary shares of no par value ("Ordinary Shares")
and dealings are expected to commence on 7 February 2011.
Following Admission, the Company's enlarged issued share capital
will comprise 160,144,920 Ordinary Shares with one voting right per
share. There are no shares held in treasury. The total number of
voting rights in the Company is therefore 160,144,920.
This figure of 160,144,920 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.
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 Richard Smith
Chief Executive Officer Rupert Cole Chief Financial Officer +44 (0)
1330 826740 Arbuthnot Securities Limited (Nomad and Broker)
Antonio Bossi Director +44 (0)20 7012 2000 Pelham Bell
Pottinger Mark Antelme Director Henry Lerwill +44 (0) 20 7861
3232 Paradox Public Relations Jean-Francois Meilleur
Consultant +1 514 341 0408