Caracal Energy Inc. said that applications have been made to the Financial Conduct Authority for admission to the Official List, and to the London Stock Exchange plc for admission to trading, of a total of 7,471,946 common shares. It is anticipated that these Shares will be admitted at 8 a.m. (GMT) on Dec. 31.
The applications have been made in respect of:
When issued, these Shares will rank pari passu in all respects with the existing Shares of the Company.
As of Dec. 30, following the issuance of the 2,963,613 Shares pursuant to the terms of outstanding convertible securities, the Company's issued share capital will consist of 146,496,025 common shares. The Company does not hold any treasury shares. Therefore, the total number of voting rights in the Company as of Dec. 30 will be 146,496,025. Shareholders may 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 Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs").
About Caracal Energy Inc.
Headquartered in Calgary, Canada, Caracal Energy Inc. is an international exploration and development company focused on oil and gas exploration, development and production activities in the Republic of Chad, Africa. In 2011, the Company entered into three production sharing contracts from the government of the Republic of Chad. These contracts provide exclusive rights to explore and develop reserves and resources over a combined area of more than 16 square miles (26,103 square kilometers) in southern Chad. The PSCs cover two world-class oil basins with historical oil discoveries, development opportunities, and numberous exploration prospects.
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