25th May 2005 15:17
Dragon Oil PLC25 May 2005 Dragon Oil plc ("Dragon" or the "Company") 90 for 911 Open Offer of 39,939,661 Ordinary Shares at Stg88p per share By 3.00 p.m. on Tuesday, 24 May 2005, being the latest time and date for receiptof completed Application Forms and payment in full under the Open Offer,acceptances had been received and accepted in respect of 25,243,691 new OrdinaryShares, raising Stg£22.2 million (US$42.3 million). As at this date there are 14,695,970 Unsubscribed Open Offer Shares with a valueof Stg£12.9 million (US$ 24.7 million) for which Aton Financial Holdings andDavy Corporate Finance Limited have together reserved the right to place, forthe benefit of the Company, at the Placing Price of Stg88p for a period of up to30 days following the closing date of the Open Offer. For Further Information: Dragon Oil plc, (+971 4 3348999)Hussain M. Sultan, Chairman / Essa Almulla, Chief Executive Officer Citigate Dewe Rogerson, (+44 207 638 9571)Martin Jackson Aton Financial Holdings. (+ 357 22 674488)Timerbulat Karimov Davy Corporate Finance Limited, (+353 1 679 6363)Hugh McCutcheon/John Frain Terms and currency translations defined in the Listing Particulars dated 29April 2005 have the same meaning in this announcement. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
DGO.L