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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Kea Petroleum | LSE:KEA | London | Ordinary Share | GB00BRTL3035 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.15 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
TIDMKEA
RNS Number : 2390S
Kea Petroleum PLC
22 September 2014
For immediate release 22 September 2014
Kea Petroleum plc
("Kea" or the "Company")
Issue and Allotment of Ordinary Shares following Exercise of Conversion Rights
Kea Petroleum plc (AIM: KEA), the oil and gas company focused on New Zealand, announces that it has received a notice of exercise by Darwin Strategic Limited ("Darwin") to convert GBP500,000 of Darwin's Convertible Loan Notes at a gross conversion price of 1.0p per share. Details of the Convertible Loan Notes ("CLNs") were announced by Kea on 23 May 2014 pursuant to which 50,000,000 ordinary shares (the "Conversion Shares") now fall to be issued. These shares represent the final tranche of Conversion Shares to be issued in connection with the CLNs facility announced on 23 May 2014.
Application has been made for the Conversion Shares to be admitted to trading on AIM with admission expected to take place on 26 September 2014. The Conversion Shares will rank pari passu in all respects with all existing ordinary shares in the Company.
Following admission of the Conversion Shares, the Company's enlarged issue share capital will comprise 939,869,567 ordinary shares with voting rights.
For further information please contact:
Kea Petroleum plc Tel: +44 (0)20 7340 David Lees, Executive Director 9970 WH Ireland Limited (NOMAD) Tel: +44 (0)20 7220 James Joyce 1666 James Bavister Darwin Strategic Ltd. Tel +44 (0) 20 7491 Anand Sambasivan 6512 Jamie Vickers Buchanan Tel: +44 (0)20 7466 Mark Court 5000 Sophie Cowles
Notes to Editors
Kea Petroleum is an AIM listed oil and gas exploration company with interests in three petroleum exploration permits in the Taranaki Basin of New Zealand. Kea listed on the London AIM market in February 2010.
This information is provided by RNS
The company news service from the London Stock Exchange
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