SOURCE: Xcite Energy Ltd

September 29, 2014 02:00 ET

Xcite Energy Limited Announces Exercise of Share Options & Total Voting Rights

ABERDEENSHIRE, UNITED KINGDOM--(Marketwired - Sep 29, 2014) -  Xcite Energy Ltd (TSX VENTURE: XEL) (LSE: XEL) (AIM: XEL)

TSX-V: XEL; LSE: XEL

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29 September 2014

Xcite Energy Limited
("Xcite Energy" or the "Company")

Exercise of Share Options & Total Voting Rights

The Company announces that it has issued 150,000 new ordinary shares of no par value ("Ordinary Shares") following the exercise of share options which would otherwise have expired shortly.

Application was made to the London Stock Exchange for the 150,000 Ordinary Shares issued pursuant to the option exercise to be admitted to trading on AIM ("Admission"). Admission is expected to occur at 8:00 a.m. on 3 October 2014. The Ordinary Shares shall rank pari passu with the existing ordinary shares in the Company.

Following Admission, the Company's enlarged issued share capital comprises 309,930,421 Ordinary Shares with one voting right per share. There are no shares held in treasury. The total number of voting rights in the Company is therefore 309,930,421.

This figure of 309,930,421 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 in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

ENQUIRIES:    
     
Xcite Energy Limited   +44 (0) 1483 549 063
Rupert Cole / Andrew Fairclough    
     
Liberum (Joint Broker and Nominated Adviser)   +44 (0) 203 100 2222
Clayton Bush / Tim Graham    
     
Morgan Stanley (Joint Broker)   +44 (0) 207 425 8000
Andrew Foster    
     
Bell Pottinger   +44 (0) 207 861 3232
Mark Antelme / Henry Lerwill    
     

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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