Jadestone Energy Inc., an independent oil and gas production company focused on the Asia Pacific region, has made an application to the London Stock Exchange for a block listing of securities in respect of 25,034,488 common shares (the “New Common Shares”) to be admitted to trading on AIM.
The New Common Shares are being reserved and will be issued as required in order to cover the future issue of common shares arising from the Jadestone Energy Stock Option Plan, relating to awards prior to 2021.
When issued, the New Common Shares will be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares of no par value in the capital of the Company.
At present, the issued share capital of the Company comprises 461,967,811 common shares. The Company does not hold any shares in treasury. Therefore, the figure of 461,967,811 common shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.