2nd Jan 2007 07:01
Cairn Energy PLC02 January 2007 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, OR INTO, THE UNITED STATES,CANADA, AUSTRALIA OR JAPAN EMBARGOED FOR RELEASE AT 0700 2 January 2007 CAIRN ENERGY PLC Allotment of Cairn India Limited Shares Cairn Energy PLC ("Cairn") announces that further progress has been made inimplementing the flotation of its Indian subsidiary, Cairn India Limited ("CairnIndia") on the Bombay Stock Exchange Limited ("BSE") and the National StockExchange of India Limited ("NSE"). A total of 538.5 million shares in Cairn India were allotted on 29 December 2006, comprising 209.7 million shares in the pre-flotation private placing and328.8 million shares in the public issue. The basis of allotment for Cairn Indiashares in the public issue was finalised in consultation with the BSE and NSE.These numbers of shares do not include over-allotments of 33 million shares madeby DSP Merrill Lynch Limited as stabilising agent in connection with the over-allotment option. Trading in Cairn India shares is expected to commence early next week. A further announcement relating to the commencement of trading of Cairn India shares will be made at that time. ABN AMRO Rothschild and Merrill Lynch are acting as joint global coordinators and bookrunners and Morgan Stanley as bookrunner in relation to the flotation. Enquiries to: Analysts/InvestorsBill Gammell Chief Executive Tel: 0131 475 3000Jann Brown Finance DirectorMike Watts Exploration Director MediaDavid Nisbet, Head of Group Communications Brunswick Group LLP:Patrick Handley, Mark Antelme Tel: 0207 404 5959 Cairn India Limited ("Cairn India") is undertaking a public issue in India andhas filed a Prospectus with the Securities and Exchange Board of India. Thisannouncement is not an offer for sale, or a solicitation of offers to purchase,the shares in Cairn India offered in the offering (the "Shares") in anyjurisdiction. No action will be taken to permit the Shares to be sold in apublic offer in any jurisdiction outside India. In particular, no offer to thepublic will be made in any Member State of the European Economic Area or in theUnited States. The Shares have not been and will not be registered under the USSecurities Act of 1933, as amended. This announcement and the informationcontained herein are not for publication, distribution or release in, or into,the United States, Canada, Australia or Japan. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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