2nd Oct 2007 08:01
Ragusa Capital PLC02 October 2007 2 October 2007 Andes Energia plc ("Andes" or "the Company") Acquisition, Subscription, and Re-admission Further to the announcement on 1 October 2007, Andes, formerly Ragusa Capitalplc, announces the successful completion of the proposals in connection with the acquisition of certain assets in Argentina and consequently that 100,904,036 new ordinary shares of 10p each have been admitted to trading, and dealings commenced in the enlarged share capital of the Company on AIM at 8.00 a.m.today. Nicolas Mallo Huergo, Non-executive Director of Andes and President of AndesEnergia Argentina S.A, commented: "We are delighted at the successful completionof this transaction. Andes now has a strong international management team with a strong local Argentinean shareholder base, which will enable it to achieve its stated ambition to become a major Latin American focussed Energy Company". Michael Stevens, Executive Chairman of Andes, commented: "The combination ofenergy production and distribution assets will provide a solid foundation onwhich to build the oil and gas exploration activities." Enquiries: Andes Energia plc Michael Stevens, Chairman T: 020 7495 5326 Nigel Duxbury, Finance Director Arbuthnot Securities James Steel T: 020 7012 2000 Antonio Bossi Bishopsgate Maxine Barnes T: 020 7562 3350Communications Nick RomeLimited This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
PGR.L