27th May 2014 12:15
For immediate release 27 May 2014
Kea Petroleum plc
("Kea" or the "Company")
Application for additional listing, Directors' dealings
and Total Voting Rights
Kea Petroleum plc (AIM: KEA), the oil and gas company focused on New Zealand, announces that application will be made to the London Stock Exchange for the admission of 9,976,106 ordinary shares in the capital of Kea to be admitted to trading on AIM. These shares were issued in satisfaction of outstanding fees and the issue of shares under the Overseas Employee Share Benefit Scheme.
The number of shares issued to Directors in settlement of outstanding fees at 1.95p per share are listed in the table below:
Director Name | Shares Issued | Issue Price | Beneficial Interest | Beneficial % | Settlement Amount |
Ian Gowrie-Smith | 865,140 | 1.95p | 70,165,140 | 9.05% | £16,870.24 |
David Lees | 507,692 | 1.95p | 67,951,692 | 8.77% | £9,900.00 |
Peter Wright | 410,256 | 1.95p | 1,410,256 | 0.18% | £8,000.00 |
John Bentley | 512,820 | 1.95p | 512,820 | 0.07% | £10,000 |
The Company has today issued 3,680,198 shares to Gresham Advisory Partners Limited in satisfaction of Gresham's fee of AUD127,621.40 at 1.90p per share.
Under the Overseas Employee Share Benefit Scheme, the Company has subscribed for 4,000,000 new shares in the Company at a price of 2.0p per share, which has been funded by a loan from the Company, for the benefit of Ian Brown, Managing Director of the Company's operating subsidiaries. All dividend and voting rights in the shares held by the Overseas Share Trust have been waived.
Application will be made for these Shares to be admitted to trading on AIM and trading is expected to commence on 3 June 2014.
Following the issue of these new shares the ordinary issued share capital of Kea now consists of 775,082,470 ordinary shares of 1 pence each with voting rights. No ordinary shares are held in treasury.
For further information please contact:
Kea Petroleum plc Tel: +44 (0)20 7340 9970
David Lees, Executive Director
WH Ireland Limited (NOMAD) Tel: +44 (0)20 7220 1666
James Joyce
Nick Field
Buchanan Tel: +44 (0)20 7466 5000
Mark Court
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.
Related Shares:
KEA.L