ABERDEENSHIRE, UK--(Marketwire - December 24, 2010) - This announcement is not for release, publication or distribution in or into the United States.
The Company (
The shares sold were as follows:
Price | Number of Ordinary Shares sold | |||||
Richard E. Smith | Director | £3.837 | 1,101,666 | |||
Stephen A. Kew | Director | £3.837 | 1,101,666 | |||
Rupert E. Cole | Director | £3.837 | 1,101,666 | |||
Resultant shareholdings in overseas entities controlled by the respective Directors above are as follows:
No of Ordinary Shares held | Percentage of Xcite Energy | |||||
Richard E. Smith | Director | 5,198,334 | 3.28% | |||
Stephen A. Kew | Director | 5,212,619 | 3.29% | |||
Rupert E. Cole | Director | 5,198,334 | 3.28% | |||
An early warning report will be filed on SEDAR and will be obtainable from the SEDAR website (www.sedar.com).
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
ENQUIRIES:
Xcite Energy Limited
+44 (0)1330 826740
Richard Smith
Chief Executive Officer
Rupert Cole
Chief Financial Officer
Arbuthnot Securities Limited
(Nomad and Broker)
+44 (0)20 7012 2000
Antonio Bossi
Director
Pelham Bell Pottinger
+44 (0) 20 7861 3232
Mark Antelme
Director
Henry Lerwill
Paradox Public Relations
+1 514 341 0408
Jean-Francois Meilleur
Consultant