CALGARY, Dec. 27, 2013 /CNW/ - Caracal Energy Inc. ("Caracal" or the "Company") (LSE:CRCL) announces that applications have been made to the
Financial Conduct Authority for admission to the Official List, and to
the London Stock Exchange plc for admission to trading, of a total of
7,471,946 common shares ("Shares"). It is anticipated that these Shares will be admitted at 8a.m. (GMT)
on 31 December 2013.
The applications have been made in respect of:
3,000,000 Shares to be issued on the exercise of share awards made under
the Company's Employee Option Plan, which have been reserved under a
1,508,333 Shares to be issued on the exercise of share awards made under
the Company's Employee Performance Warrant Plan, which have also been
reserved under a block listing; and
2,963,613 Shares to be issued on 30 December 2013 pursuant to the terms
of outstanding convertible securities which were issued by the Company
on 13 September 2012.
When issued, these Shares will rank pari passu in all respects with the
existing Shares of the Company.
As at 30 December 2013, following the issuance of the 2,963,613 Shares
pursuant to the terms of outstanding convertible securities, the
Company's issued share capital will consist of 146,496,025 common
shares. The Company does not hold any treasury shares. Therefore, the
total number of voting rights in the Company as at 30 December 2013
will be 146,496,025. Shareholders may use this figure as the
denominator for the calculations by which they will determine if they
are required to notify their interest in, or a change to their interest
in, the share capital of the Company under the Financial Conduct
Authority's Disclosure and Transparency Rules ("DTRs").
This announcement is in conformity with DTR 5.6.1A (1).
About Caracal Energy Inc.
Headquartered in Calgary, Canada, Caracal Energy Inc. is an
international exploration and development company focused on oil and
gas exploration, development and production activities in the Republic
of Chad, Africa. In 2011, the Company entered into three production
sharing contracts ("PSCs") from the government of the Republic of Chad. These PSCs provide
exclusive rights to explore and develop reserves and resources over a
combined area of 26,103 km2 in southern Chad. The PSCs cover two
world-class oil basins with historical oil discoveries, development
opportunities, and numerous exploration prospects.
The Company's shares trade on the London Stock Exchange under the symbol
SOURCE: Caracal Energy Inc.
For further information:
Caracal Energy Inc.
Gary Guidry, President and Chief Executive Officer
Trevor Peters, Chief Financial Officer
Longview Communications - Canadian Media Enquiries
FTI Consulting - UK Media Enquiries
Ben Brewerton / Ed Westropp
+ 44 (0) 207 8313 3113