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COP Circle Oil

0.625
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Circle Oil LSE:COP London Ordinary Share IE00B034YN94 ORD EUR0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.625 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Statement re: Libya Oil Holdings Ltd (8304C)

11/03/2011 4:30pm

UK Regulatory


Circle Oil (LSE:COP)
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TIDMCOP

RNS Number : 8304C

Circle Oil PLC

11 March 2011

11 March 2011

Circle Oil Plc

("Circle" or the "Company")

Statement regarding the Shareholding of Libya Oil Holdings Ltd ("LOH")

The Company has reviewed the Council Regulation (EU) No 204/2011 of 2 March 2011 concerning restrictive measures in view of the situation in Libya and the Council Implementing Regulation (EU) No 233/2011 of 10 March 2011 (together the "Regulations").

Having taken legal advice, the Company considers that the ordinary shares that are beneficially held by LOH, representing 17.75 per cent. of the total issued share capital of the Company, are subject to the Regulations and are therefore effectively frozen. The Company has today informed LOH that it will not register any transfer in respect of the shares until further notice.

This action has no effect on the ongoing operations of the Company.

For further information contact:

Circle Oil Plc (+44 20 7638 9571) Professor Chris Green, CEO

Evolution Securities (+44 20 7071 4300) Rob Collins Chris Sim Neil Elliot

Fox-Davies Capital (+44 20 7936 5230) Daniel Fox-Davies

Philip Davies

David Porter

Citigate Dewe Rogerson (+44 20 7638 9571) Martin Jackson George Cazenove

Murray Consultants (+353 1 498 0320) Joe Murray Joe Heron

This information is provided by RNS

The company news service from the London Stock Exchange

END

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