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New World Oil & Gas  -  NEW   

Issue of Equity and Total Voting Rights

Released 07:01 22-Jan-2013

RNS Number : 0456W
New World Oil & Gas
22 January 2013
 



New World Oil and Gas Plc / Index: AIM / Epic: NEW / Sector: Oil & Gas

 

22 January 2013

 

 

New World Oil and Gas Plc ('New World' or the 'Company')

 

Issue of Equity

Total Voting Rights

 

New World Oil and Gas Plc, the oil and gas exploration and development company focussed on Belize and Denmark, today announces the issue of a total of 1,974,118 new ordinary shares in the Company. 

 

1,082,852 new ordinary shares in the Company, at an average of 9.67p per share, have been issued in settlement of professional fees and other transactional obligations.   In part payment of historical costs related to the Danica Resources Farm-in agreement, 749,879 new ordinary shares in the Company have been issued at an average of 10.34p per share. 

 

In addition, and as part of their directors' fee, a total of 141,387 new ordinary shares have been issued to the following Directors at an average of 9.55p per share.

 

Director

Number of new ordinary shares issued

Subsequent total holding

Percentage of existing ordinary shares

Percentage of ordinary shares following issue of  new ordinary shares

Frederick Hodder

62,839

416,532

0.11

0.11

Chris Einchcomb

78,548

323,449

0.09

0.09

 

Application has been made a total of 1,974,118 new ordinary shares, which will rank pari passu with all existing ordinary shares in the Company, to be admitted to trading on AIM.     Admission is expected to take place on or around 25 January 2013 ("Admission").

   

The Company has no Ordinary Shares held in treasury and as a result, the total number of voting rights in the Company will be 360,948,947.  This figure may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

 

 

* *ENDS* *

 

For further information please visit www.nwoilgas.com or contact:

 

Enquiries:

William Kelleher

New World Oil and Gas Plc

Tel: +1 713 447 2171

Georges Sztyk

New World Oil and Gas Plc

Tel: +1 646 407 9946

Peter Sztyk

 

 

Felicity Geidt

New World Oil and Gas Plc

 

 

Beaumont Cornish Limited

Tel: +1 917 215 7122

 

 

Tel: +44 (0) 20 7628 3396

Roland Cornish

Beaumont Cornish Limited

Tel: +44 (0) 20 7628 3396

 

Jerry Keen

Shore Capital

Tel: +44 (0) 20 7408 4090

Pascal Keane

Shore Capital

Tel: +44 (0) 20 7408 4090

 

Hugo de Salis

St Brides Media & Finance Ltd

Tel: +44 (0) 20 7236 1177

Lottie Brocklehurst

St Brides Media & Finance Ltd

Tel: +44 (0) 20 7236 1177

Frank Buhagiar

St Brides Media & Finance Ltd

Tel: +44 (0) 20 7236 1177

 

 

 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Issue of Equity and Total Voting Rights - RNS