CAP Energy Plc

February 03, 2015 02:00 ET

Equity Subscription

                                                                                             3 February 2015
                                              CAP ENERGY PLC
                                         ("Cap" or the "Company")
                                            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 (CAPP), is pleased to announce  that  it  has  raised  USD  1,400,000
(approximately  GBP 931,000) through a subscription for 599,230 ordinary shares of 5p each in  the  Company
("Ordinary Shares") at a price equivalent to approximately 155 pence per share (the "Subscription").

The  proceeds  of  the  Subscription will be used to fund Cap's share of  the  exploration  costs  for  the
Company's three offshore blocks in the highly prospective Senegal Basin in West Africa: Blocks 1 and 5B off
Guinea-Bissau and Block Djiffere off Senegal, and for general working capital purposes.

Following  the Subscription, the Company has 29,961,486 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  29,961,486  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.

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

For further information please contact:

Cap Energy PLC
Chanelle George, Investor Relations
Tel: +44 (0) 20 7491 9196

Martin Groak, CFO
Tel: +44 (0) 20 7491 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