Statement re: Libya Oil Holdings Ltd (8304C)
March 11 2011 - 10:30AM
UK Regulatory
TIDMCOP
RNS Number : 8304C
Circle Oil PLC
11 March 2011
11 March 2011
Circle Oil Plc
("Circle" or the "Company")
Statement regarding the Shareholding of Libya Oil Holdings Ltd
("LOH")
The Company has reviewed the Council Regulation (EU) No 204/2011
of 2 March 2011 concerning restrictive measures in view of the
situation in Libya and the Council Implementing Regulation (EU) No
233/2011 of 10 March 2011 (together the "Regulations").
Having taken legal advice, the Company considers that the
ordinary shares that are beneficially held by LOH, representing
17.75 per cent. of the total issued share capital of the Company,
are subject to the Regulations and are therefore effectively
frozen. The Company has today informed LOH that it will not
register any transfer in respect of the shares until further
notice.
This action has no effect on the ongoing operations of the
Company.
For further information contact:
Circle Oil Plc (+44 20 7638 9571) Professor Chris Green, CEO
Evolution Securities (+44 20 7071 4300) Rob Collins Chris Sim
Neil Elliot
Fox-Davies Capital (+44 20 7936 5230) Daniel Fox-Davies
Philip Davies
David Porter
Citigate Dewe Rogerson (+44 20 7638 9571) Martin Jackson George
Cazenove
Murray Consultants (+353 1 498 0320) Joe Murray Joe Heron
This information is provided by RNS
The company news service from the London Stock Exchange
END
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