23rd Dec 2005 11:03
Asia Energy PLC23 December 2005 Asia Energy PLC ("the Company") Participation of Directors in Cash Placing On 29 November 2005, Asia Energy PLC announced that 6,740,000 new ordinaryshares had been placed at a placing price of 450 pence per share, of which4,143,976 shares were placed firm ("Firm Placing Shares") and 2,596,024 wereplaced conditionally ("Conditional Placing Shares") subject to shareholderapproval of certain resolutions which were proposed and duly passed at an EGMheld on 22 December 2005. As noted in the placing announcement, certain Directors of the Companyparticipated in the Firm Placing Shares and Conditional Placing Shares. Theyhave today acquired beneficial interests in the Company's ordinary shares whichwere placed conditionally as follows: Director No. of Conditional Resultant % Placing Shares in placing shareholding David Lenigas 3,852 160,000 0.33%Michael Frayne 3,852 193,333 0.40%Gary Lye 770 2,000 0.004%Total number of shares 8,474 355,333 0.74%Total shares in issue 48,004,357 23 December 2005 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
GCM Resources