Issue of Equity

20th May 2005 16:08

Asia Energy PLC20 May 2005 ASIA ENERGY PLC ISSUE OF EQUITY 20 May 2005 Asia Energy PLC ("the Company"), the 100% owner of the Phulbari Energy Projectin north-west Bangladesh, today announces that pursuant to an exercise ofexisting options, it has issued and allotted 473,000 new Ordinary Shares of 10peach, at a price of 75p to various staff members under the terms of theirexisting option deeds. David Lenigas, a director of the Company, also exercised an option over 200,000new Ordinary Shares of 10p each, at a price of 75p under his existing optiondeed. Mr Lenigas now holds a beneficial interest in 300,000 Ordinary shares,which represents 0.75% of the current issued capital of the Company. The new Ordinary Shares will rank pari passu with the existing Ordinary Sharesof 10p each in the Company and trading of these shares on AIM is expected tocommence on 27 May 2005. The total number of Ordinary Shares in issue following this issue is 39,911,024. This information is provided by RNS The company news service from the London Stock Exchange

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