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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Arko Hldgs | LSE:AKO | London | Ordinary Share | GB0003754743 | ORD 0.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.425 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:2086K Arko Energy Holdings PLC 22 April 2003 For Immediate Release 22 April 2003 Arko Energy Holdings plc ("Arko or "Company") Variation of Agreement with Great Wall Foundation China Limited For placing of 50,000,000 New Ordinary Shares at 8p per share Arko Energy Holdings plc announces a variation of its agreement to place 50,000,000 new ordinary shares of 0.5 pence each (representing 2.7 per cent. of the enlarged share capital of the Company) at a price of 8 pence per share with Great Wall Foundation China Limited ("Great Wall"), which was announced on 23 August 2002. The original agreement was that shares would be subscribed for by Great Wall in three stages (1) 12,500,000 shares to be issued within 90 days from the date of signing of the agreement; (2) 18,750,000 shares to be issued within 180 days from the date of signing of the agreement; (3) 18,750,000 shares to be issued within 360 days from the date of signing of the agreement. A non-refundable deposit of #80,000 was paid to the Company by Great Wall at the time of the original agreement. Great Wall have not subscribed for the first two stages and accordingly Arko and Great Wall have agreed to extend the period allowed for subscription for the total number of shares (50,000,000) until 10 April 2004. Application will be made for the new ordinary shares of 0.5 pence each to be admitted to trading on the Alternative Investment Market as and when they are issued to Great Wall. Enquiries to: Clement Leung - Executive Director Tel: 00 852 2219 9999 Arko Energy Holdings plc Email: clementle@arkoenergy.com Nigel Atkinson/Robert Lo Tel: 020 7710 7400 Nabarro Wells & Co. Limited, Nominated Adviser Email: nigelatkinson@nabarro-wells.co.uk; robertlo@nabarro-wells.co.uk This information is provided by RNS The company news service from the London Stock Exchange END AGRNKBKBCBKKNQB
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