Pursuant to the Company's Executive Share Option Scheme, options over 811,000 Ordinary Shares of 5 pence each (“Ordinary Shares”) have been exercised at an average price of 60.61 pence per Ordinary Share.
Accordingly, the Board of the Company has today allotted 811,000 Ordinary Shares of 5p each (“Ordinary Shares”) as follows:
| Recipient | Number of Ordinary Shares |
|---|---|
| Various employees of the Company and its subsidiaries | 311,000 |
| Mr. W. H. Humphries, a non-executive director of the Company | 500,000 |
Application has been made to the Alternative Investment Market of the London Stock Exchange (“AIM”) for the admission to trading of these 811,000 Ordinary Shares. These shares rank pari passu with the Company's existing Ordinary Shares and dealings are expected to commence on 2 February 2004 on AIM.
As a result of this share issue, Mr W H Humphries has a beneficial interest in 500,000 Ordinary Shares representing 0.49 per cent. of the Company's share capital.
For further information, please contact:
Regal Petroleum plc Tel: 020 7647 6622
Stephen West, Company Secretary
Buchanan Communications Tel: 020 7466 5000
Bobby Morse
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