13th Jul 2018 07:00
Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the publication of this announcement, this information is now considered to be in the public domain.
13 July 2018
Cabot Energy Plc
("Cabot Energy" or "the Company")
Exercise of Options
Cabot Energy (AIM: CAB), the AIM quoted oil and gas company focused on production led growth balanced with high impact exploration and appraisal opportunities, announces that former directors of the Company have exercised options over a total of 10,164,631 ordinary shares, under the Cabot Energy Incentive Plan ("CEIP"), at a cost of the nominal value of the ordinary shares, being 1 pence per ordinary share.
Application has been made for the new ordinary shares (the "New Ordinary Shares") to be admitted to trading on AIM and admission is expected to take place on or around 08:00 on 18 July 2018. The New Ordinary Shares will, following admission, rank pari passu in all respects with the existing issued Ordinary Shares.
Details of the Exercise of Options
Following the exercise of options as detailed above, the number of outstanding options awarded or granted to directors, senior management and current and previous employees will total 4,606,239 which represents 0.70 per cent. of the Company's enlarged issued share capital.
Total Voting Rights
On admission, the Company's issued share capital will be 661,756,382 which also represents the total number of voting rights. Shareholders should use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
-Ends-
For further information please contact:
Cabot Energy Plc | +44 (0)20 7469 2900 |
Scott Aitken, Chief Executive Officer | |
Petro Mychalkiw, Chief Financial Officer | |
SP Angel Corporate Finance LLP | +44 (0)20 3470 0470 |
Nominated Adviser and Joint Broker | |
Richard Morrison, Richard Redmayne | |
GMP FirstEnergy LLP | +44 (0)20 7448 0200 |
Joint Broker | |
Jonathan Wright, David van Erp | |
Luther Pendragon | +44 (0)20 7618 9100 |
Financial PR | |
Harry Chathli, Alexis Gore |
Note to Editors:
Cabot Energy is an oil and gas company focused on production led growth. The Company is undertaking a redevelopment and production project in north west Alberta and has a broader portfolio of exploration and appraisal opportunities in countries of relatively low political risk, primarily Italy. Comprehensive information on Cabot Energy and its oil and gas operations, including press releases, annual reports and interim reports are available from Cabot Energy's website: www.cabot-energy.com
Related Shares:
Cabot Energy