Cabot Energy PLC Exercise of Options (7577Y)
August 24 2018 - 1:00AM
UK Regulatory
TIDMCAB
RNS Number : 7577Y
Cabot Energy PLC
24 August 2018
Prior to publication, the information contained within this
announcement was deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU)
No. 596/2014 ("MAR"). With the publication of this announcement,
this information is now considered to be in the public domain.
24 August 2018
Cabot Energy Plc
("Cabot Energy" or "the Company")
Exercise of Options
Cabot Energy (AIM: CAB), the AIM quoted oil and gas company
focused on production led growth balanced with high impact
exploration and appraisal opportunities, announces that a former
director of the Company has exercised options over a total of
230,579 ordinary shares, under the Cabot Energy Incentive Plan
("CEIP"), at a cost of the nominal value of the ordinary shares,
being 1 pence per ordinary share.
Application has been made for the new ordinary shares (the "New
Ordinary Shares") to be admitted to trading on AIM and admission is
expected to take place on or around 08:00 on 30 August 2018. The
New Ordinary Shares will, following admission, rank pari passu in
all respects with the existing issued Ordinary Shares.
Details of the Exercise of Options
Following the exercise of options as detailed above, the number
of outstanding options awarded or granted to directors, senior
management and current and previous employees will total 4,375,660
which represents 0.66 per cent. of the Company's enlarged issued
share capital.
Total Voting Rights
On admission, the Company's issued share capital will be
661,986,961 which also represents the total number of voting
rights. Shareholders should use this figure 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 FCA's Disclosure Guidance
and Transparency Rules.
-Ends-
For further information please contact:
+44 (0)20 7469
Cabot Energy Plc 2900
Scott Aitken, Chief Executive Officer
Petro Mychalkiw, Chief Financial Officer
+44 (0)20 3470
SP Angel Corporate Finance LLP 0470
Nominated Adviser and Joint Broker
Richard Morrison, Richard Redmayne
+44 (0)20 7448
GMP FirstEnergy LLP 0200
Joint Broker
Jonathan Wright, David van Erp
+44 (0)20 7618
Luther Pendragon 9151
Financial PR
Harry Chathli, Alexis Gore
Note to Editors:
Cabot Energy is an oil and gas company focused on production led
growth. The Company is undertaking a redevelopment and production
project in north west Alberta and has a broader portfolio of
exploration and appraisal opportunities in countries of relatively
low political risk, primarily Italy. Comprehensive information on
Cabot Energy and its oil and gas operations, including press
releases, annual reports and interim reports are available from
Cabot Energy's website: www.cabot-energy.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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