26th May 2005 10:26
JKX Oil & Gas PLC26 May 2005 26 May 2005 JKX OIL & GAS plc ("JKX") ANNOUNCES CONVERSION OF £9,200,000 OF CONVERTIBLE LOAN NOTES JKX announces that it has received a Conversion Notice from Benam HoldingsLimited ("Benam") for the entire £9,200,000 floating rate unsecured redeemableConvertible Loan Notes 2005 ("Notes") issued to Benam on 7th July 2004. Inaccordance with the conditions attaching to the Notes, the conversion price was109.5 pence per ordinary share. As a result of the conversion, a total of8,401,826 ordinary shares will be allotted to Benam. Following this conversionthe number of JKX ordinary shares in issue will be 151,892,600. The new ordinary shares will rank pari passu with the existing ordinary sharesin issue. Application will be made for the new ordinary shares to be admitted tothe Official List of the UKLA and to the London Stock Exchange's market forlisted securities ("Admission"). Admission is expected to take place on 15thJune 2005. The accrued interest in respect of the Notes, of £449,694.73 will be paid toBenam. JKX Oil & Gas plc is an exploration and production company listed on the LondonStock Exchange. The Company has license interests in Ukraine, Georgia, Russia,Italy, Bulgaria, Turkey and the United States. Press Enquiries: Anthony Cardew / Sofia Rehman Cardew Group 020 7930 0777 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
JKX.L