Update on Blocklisting; AIM Blocklisting Application; Total Voting Rights
Coastal Energy Company
02.03.2012 22:15
---------------------------------------------------------------------------
HOUSTON, 2012-03-02 22:15 CET (GLOBE NEWSWIRE) --
Coastal Energy Company, (TSX:CEN)(AIM:CEO) ('Coastal' or the 'Company') an
independent exploration and production company with assets in Thailand,
announces an update on its block admissions.
The Company received approval from the London Stock Exchange for the block
admission to trading on AIM of up to 113,078,222 common shares of US$0.04 each
('Common Shares') on November 6, 2009 (the 'Previous Block Admission'). As at 5
February 2010, the date of the Company's most recent update, the Company had
issued 109,072,593 Common Shares under the terms of the Previous Block
Admission and therefore had received approvals to issue, subsequent to that
date, a further 4,005,629 Common Shares. The Company issued 4,005,629 Ordinary
Shares in the period from 5 February 2010 to 2 December 2011. The Company
therefore has no further Common Shares to be issued under the Previous Block
Admission.
The Company has submitted an application to the London Stock Exchange for the
blocklisting of a further 9,215,942 Common Shares to AIM (the 'New
Blocklisting') to cover Common Shares to be issued on exercise of options
granted under Coastal's employee share option plan and warrants to subscribe
for shares, which have previously been issued but remain unexercised. Admission
of the shares is expected at 8am on 7 March 2012.
As at the date of this announcement the Company has issued 1,145,405 Common
Shares under the New Blocklisting, following the exercise of employee share
options between 2 December 2011 and 29 February 2012. Therefore, a total of
8,070,537 Common Shares remain to be issued under the New Blocklisting. Further
updates will be made on a semi-annual basis from the date of this announcement.
The Company currently has a total of 114,223,627 Common Shares in issue. This
figure 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, Coastal under the FSA's
Disclosure and Transparency Rules.
Additional information, including the Company's complete competent person's
report may be found on the Company's website at www.CoastalEnergy.com or may be
found in documents filed on SEDAR at www.sedar.com.
The Coastal Energy Company logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=10062
These securities have not been registered under United States Securities Act of
1933 (the 'US Securities Act') or the securities laws of any state and may not
be offered or sold in the United States or to US persons (as defined in
Regulation S under the US Securities Act) unless an exemption from registration
is available.
CONTACT: Enquiries:
Coastal Energy Company
Email: investor@CoastalEnergy.com
+1 (713) 877-6793
Strand Hanson Limited (Nominated Adviser)
Rory Murphy/Paul Cocker
+44 (0) 20 7409 3494
Macquarie Capital (Europe) Limited (Broker)
Paul Connolly/Jeffrey Auld
+44 (0) 20 3037 2000
FirstEnergy Capital LLP (Broker)
Hugh Sanderson/Travis Inlow
+44 (0) 20 7448 0200
Buchanan Communications
Tim Thompson/Ben Romney
+44 (0) 20 7466 5000
News Source: NASDAQ OMX
02.03.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: Coastal Energy Company
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: KYG224041189
WKN:
End of Announcement DGAP News-Service
---------------------------------------------------------------------------
Coastal Energy Company
02.03.2012 22:15
---------------------------------------------------------------------------
HOUSTON, 2012-03-02 22:15 CET (GLOBE NEWSWIRE) --
Coastal Energy Company, (TSX:CEN)(AIM:CEO) ('Coastal' or the 'Company') an
independent exploration and production company with assets in Thailand,
announces an update on its block admissions.
The Company received approval from the London Stock Exchange for the block
admission to trading on AIM of up to 113,078,222 common shares of US$0.04 each
('Common Shares') on November 6, 2009 (the 'Previous Block Admission'). As at 5
February 2010, the date of the Company's most recent update, the Company had
issued 109,072,593 Common Shares under the terms of the Previous Block
Admission and therefore had received approvals to issue, subsequent to that
date, a further 4,005,629 Common Shares. The Company issued 4,005,629 Ordinary
Shares in the period from 5 February 2010 to 2 December 2011. The Company
therefore has no further Common Shares to be issued under the Previous Block
Admission.
The Company has submitted an application to the London Stock Exchange for the
blocklisting of a further 9,215,942 Common Shares to AIM (the 'New
Blocklisting') to cover Common Shares to be issued on exercise of options
granted under Coastal's employee share option plan and warrants to subscribe
for shares, which have previously been issued but remain unexercised. Admission
of the shares is expected at 8am on 7 March 2012.
As at the date of this announcement the Company has issued 1,145,405 Common
Shares under the New Blocklisting, following the exercise of employee share
options between 2 December 2011 and 29 February 2012. Therefore, a total of
8,070,537 Common Shares remain to be issued under the New Blocklisting. Further
updates will be made on a semi-annual basis from the date of this announcement.
The Company currently has a total of 114,223,627 Common Shares in issue. This
figure 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, Coastal under the FSA's
Disclosure and Transparency Rules.
Additional information, including the Company's complete competent person's
report may be found on the Company's website at www.CoastalEnergy.com or may be
found in documents filed on SEDAR at www.sedar.com.
The Coastal Energy Company logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=10062
These securities have not been registered under United States Securities Act of
1933 (the 'US Securities Act') or the securities laws of any state and may not
be offered or sold in the United States or to US persons (as defined in
Regulation S under the US Securities Act) unless an exemption from registration
is available.
CONTACT: Enquiries:
Coastal Energy Company
Email: investor@CoastalEnergy.com
+1 (713) 877-6793
Strand Hanson Limited (Nominated Adviser)
Rory Murphy/Paul Cocker
+44 (0) 20 7409 3494
Macquarie Capital (Europe) Limited (Broker)
Paul Connolly/Jeffrey Auld
+44 (0) 20 3037 2000
FirstEnergy Capital LLP (Broker)
Hugh Sanderson/Travis Inlow
+44 (0) 20 7448 0200
Buchanan Communications
Tim Thompson/Ben Romney
+44 (0) 20 7466 5000
News Source: NASDAQ OMX
02.03.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: Coastal Energy Company
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: KYG224041189
WKN:
End of Announcement DGAP News-Service
---------------------------------------------------------------------------