26th Mar 2007 07:02
Cairn Energy PLC26 March 2007 EMBARGOED FOR RELEASE AT 0700 26 March 2007 CAIRN ENERGY PLC ("the Company") Listing of New Ordinary Shares Following Shareholder approval of the Return of Cash on 22 March 2007, it isexpected that the New Ordinary Shares in the Company will be admitted to theOfficial List maintained by the UK Listing Authority and will commence tradingon the main market of the London Stock Exchange at 8.00 a.m. today. The ISINfor the New Ordinary Shares is GB00B1RZDL64, and the New Ordinary Shares havereplaced the Existing Ordinary Shares. Further details of the Return of Cashare contained in the circular to Shareholders dated 27 February 2007 (the'Circular'). A total of 130,380,185 New Ordinary Shares of 6 2/13 pence each and 160,467,920B Shares of 5 pence each will be in issue following admission. Application has been made to the UK Listing Authority and to the London StockExchange, respectively, for the admission to the Official List and to tradingon the London Stock Exchange of 130,380,185 New Ordinary Shares of 6 2/13 pence each. The B shares will neither be admitted to the Official List of the UKListing Authority nor to trading on the market for listed securities of theLondon Stock Exchange. As detailed in the Circular, the Company issued 12 Existing Ordinary Shares toone of its employees on 23 March 2007 so that the Company's issued sharecapital prior to the Capital Reorganisation was exactly divisible by 16. TheNew Ordinary Shares resulting from the Capital Reorganisation of that allotmentare included in the application for the admission of 130,380,185 New OrdinaryShares of 6 2/13 pence each. As a condition of the allotment, the proceeds ofthe sale of the New Ordinary Shares resulting from such allotment, anyentitlement to proceeds from the Return of Cash and the proceeds of the sale ofany fractional entitlement have been surrendered to the Company. In addition, a new block listing application in relation to the Existing CairnShare Schemes for 1,785,000 New Ordinary Shares of 6 2/13 pence each in respectof the Cairn Energy PLC 1996 Second Share Option Scheme (54,000 New Ordinary Shares), Cairn Energy PLC 2002 Unapproved Share Option Plan (1,540,000 NewOrdinary Shares) and Cairn Energy PLC 2003 Approved Share Option Plan (191,000New Ordinary Shares) has also been made. Terms defined in the Circular have the same meaning when used in thisannouncement. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Capricorn Energy PLC