12th Dec 2008 16:57
Victoria Oil & Gas Plc
("VOG" or the "Company")
RECOMMENDED ACQUISITION OF BRAMLIN BY VICTORIA OIL & GAS PLC BY WAY OF SCHEME OF ARRANGEMENT
UNDER SECTION 105 OF THE COMPANIES (GUERNSEY) LAW, 2008 (AS AMENDED)
Issue of Equity
VOG is pleased to announce that it has issued, conditional on admission, 163,121,316 new ordinary shares of 0.5 pence each ("New Ordinary Shares") pursuant to the acquisition of Bramlin Limited, which was approved on 5 December 2008.
Application has been made for the New Ordinary Shares to be admitted to trading on AIM and it is expected that dealings will commence on 15 December 2008. The New Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares.
Following the issue of the New Ordinary Shares, the Company's issued share capital will consist of 447,628,117 Ordinary Shares, with voting rights. The Company does not hold any shares in Treasury.
The effect of the above on the holdings of the Directors is as follows:-
|
New Issue of Shares |
Total Holding in VOG |
||
|
Kevin Foo |
18,993,165 |
29,239,512* |
6.53% |
|
George Donne |
1,220,000 |
1,449,807 |
0.32% |
|
Grant Manheim |
1,220,000 |
1,717,304 |
0.38% |
* 322,080 shares held in a SIPP for Kevin Foo. The remaining shares are held by H J Resources Ltd on behalf of a discretionary trust, of which Mr Foo and his wife are possible beneficiaries.
Enquiries
|
Kevin Foo / George Donne Victoria Oil & Gas Plc +44 (0)207 921 8820 |
Simon Raggett / Angela Peace Strand Partners Limited +44 (0) 20 7409 3494 |
|
Ed Portman / Jonathan Charles Conduit PR +44 (0)207 429 6607 +44 (0) 77333 63501 |
Related Shares:
VOG.L