CAP Energy Plc

December 03, 2014 09:00 ET

Director's Interest and Equity Subscription

                                                                                                3 December 2014
                                                CAP Energy Plc
                                           ("Cap" or the "Company")
                                  Director's Interest and Equity Subscription
Cap  Energy  Plc,  a  company  listed on the ISDX Growth Market focused on the exploration  and  production  of
hydrocarbons  in  sub-Saharan  Africa  (ISDX-quoted ticker "CAPP"),  announces  that  it  has  issued  warrants
("Warrants")  to  subscribe for 160,000 ordinary shares of 5p each ("Ordinary Shares") to Mr. Timothy  Hearley,
the Non-Executive Chairman of the Company. Mr. Hearley has paid the Company GBP 31,650 in consideration for the
issue of the Warrants.

The  Warrants  have an exercise price of 200 pence per share and are exercisable, in whole or in part,  at  any
time until 31 December 2017.

Cap  has raised a further GBP 50,000 through a subscription for 33,334 Ordinary Shares at a price of 150  pence
per share (the "Subscription").

The  consideration received for the issue of the Warrants and the proceeds of the Subscription will be used for
general working capital purposes.

Following the Subscription, the Company has 29,362,256 Ordinary Shares in issue, each share carrying the  right
to one vote. The Company does not hold any Ordinary Shares in treasury.

The  above  figure of 29,362,256 Ordinary Shares may 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
to  their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure  and
Transparency Rules.

Mr.  Hearley  is  currently interested in a total of 44,724 Ordinary Shares in CAP representing  0.15%  of  the
Company's enlarged issued share capital.

The Directors of CAP are responsible for the contents of this announcement.

For further information please contact:

Cap Energy PLC
Chanelle George, Investor Relations
Tel: +44 (0) 207 491 9196

Martin Groak, CFO
Tel: +44 (0) 207 491 9196

Peterhouse Corporate Finance Limited
Mark Anwyl and Duncan Vasey
Tel: +44 (0) 20 7469 0930

CAP Energy PLC
20 Berkeley Square
London W1J 6EQ
Tel: +44 (0) 20 7491 9196


Contact Information

  • CAP Energy Plc