3rd Jul 2009 15:08
AFREN plc
("the Company")
Award of Shares
The Company confirms that on 3 July 2009 it allotted conditional to admission 2,701,138 Ordinary Shares of 1p each ("Ordinary Shares") with a market value of approximately £1.35 million to Energy Investment Holdings, representing a milestone payment in relation to the Ebok Project. The shares will rank pari passu with the existing Ordinary Shares in the Company. Application is being made to the London Stock Exchange for the shares to be admitted to trading on AIM, and dealings in the Ordinary Shares are expected to commence on 9 July 2009.
Following the share issue, the Company's outstanding issued share capital will be 716,185,721 Ordinary Shares.
3 July 2009
Enquiries:
Pelham Public Relations
Mark Antelme[email protected]
+44 (0)20 7337 1500
Related Shares:
AFR.L