16th Aug 2007 11:42
Rift Oil PLC16 August 2007 For immediate release 16 August 2007 Rift Oil Plc ('Rift' or the 'Company') Results of AGM and EGM Placing of 293,333,333 New Ordinary Shares at an issue price of 3.75p each The Company is pleased to announce that all resolutions put to the AnnualGeneral Meeting of the Company earlier today were duly passed. Furthermore, the Company is also pleased to announce that all resolutions put tothe Extraordinary General Meeting ("EGM"), held earlier today and convened inconnection with the placing of Ordinary Shares in the capital of the Company, at3.75p per share, were also duly passed. The placing to raise £11 million (before expenses) was subscribed in full and itis anticipated that the 293,333,333 new Ordinary Shares will be admitted totrading on AIM on 17 August 2007. The total number of Ordinary Shares in issue following the placing is697,445,332 with a nominal value of 1p each, all with voting rights. The Companydoes not hold any Ordinary Shares in Treasury. Therefore, the total number ofvoting rights in Rift is 697,445,332. The figure of 697,445,332 may be used byshareholders as the denominator for the calculations by which they willdetermine if they are required to notify their interest in, or a change to theirinterest in, the Company under the FSA's Disclosure and Transparency Rules. In accordance with the authorities granted at the EGM, the Directors have issueda further 533,333 warrants to subscribe for Ordinary Shares to RBC CapitalMarkets for services provided in connection with the Placing. This makes thetotal warrants issued to RBC Capital Markets 10,303,333, all of which areexercisable at 3.75p per Ordinary Share. Enquiries: Rift Oil PLC +44 20 7340 9970David Lees, Finance Director RBC Capital Markets +44 20 7029 7881Andrew Smith, Martin Eales Buchanan Communications +44 20 7466 5000Tim Anderson, Isabel Podda This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Rift Helium