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Kea Petroleum plc - Issue and Allotment of Ordinary Shares following Exercise of Conversion Rights

June 27, 2014



ENP Newswire - 27 June 2014

Release date- 26062014 - Kea Petroleum plc (AIM: KEA), the oil and gas company focused on New Zealand, announces that it has received a notice of exercise by Darwin Strategic Limited to convert GBP550,000 of Darwin's Convertible Loan Notes at a gross conversion price of 1.3534p per share.

Details of the Convertible Loan Notes were announced by Kea on 24 May 2014 pursuant to which 40,638,392 ordinary shares (the 'Convertible Shares') now fall to be issued.

Application has been made for the Conversion Shares to be admitted to trading on AIM with admission expected to take place on 01 July 2014. The Conversion Shares will rank pari passu in all respects with all existing ordinary shares in the Company.

Following admission of the Shares, the Company's enlarged issue share capital will comprise 815,720,862 ordinary shares with voting rights.

Contact:

Kea Petroleum plc

David Lees

Executive Director

Tel: +44 (0)20 7340 9970

WH Ireland Limited

James Joyce

Nick Field

Tel: +44 (0)20 7220 1666

Darwin Strategic Ltd.

Anand Sambasivan

Jamie Vickers

Tel +44 (0) 20 7491 6512

Notes to Editors

Kea Petroleum is an AIM listed oil and gas exploration company with interests in three petroleum exploration permits in the Taranaki Basin of New Zealand. Kea listed on the London AIM market in February 2010.


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Source: ENP Newswire


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