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DJ Karoo Energy Plc Issue of Equity and Issued Shares Correction

 
TIDMKEP 
 
KAROO ENERGY PLC 
 
                       ("Karoo Energy" or the "Company") 
 
                        ISSUE OF EQUITY AND CORRECTION 
 
10 November 2016 
 
Karoo Energy plc announces that it has placed 378,622 ordinary shares of 0.25p 
each in the Company at a price of 3p per share, raising GBP11,358. The funds will 
be used for ongoing administrative expenses. 
 
The new ordinary shares rank pari passu with the existing ordinary shares. 
 
Following this placing there are now 187,701,308 ordinary shares in issue, of 
which the directors are interested in a total of 8,194,212 ordinary shares, 
representing 4.36% of the Company's issued share capital. 
 
Karoo Energy plc would like to clarify the shares in issue of the Company. On 
14 Jan2016, the Company announced that it had placed 2,333,333 ordinary shares 
of 0.25p each. In fact, the amount of ordinary shares issued was 2,350,000. On 
31 May 2016, the Company announced that it had placed 6,666,666 ordinary shares 
of 0.25p each. In fact, the amount of ordinary shares issued was 7,142,857. The 
total shortfall in ordinary shares announced was therefore 492,850 ordinary 
shares. The total number of ordinary shares in issue as at 3 November 2016 was 
therefore 187,322,686 and not 186,829,828 as announced on 31 May 2016. The 
total number of ordinary shares in issue following today's announcement will be 
187,701,308. The directors are interested in a total of 8,194,212 ordinary 
shares, representing 4.36% of the Company's issued share capital. 
 
                              TOTAL VOTING RIGHTS 
 
In accordance with the Financial Conduct Authority's Disclosure and 
Transparency Rules, the Company hereby announces that it has 187,701,308 
ordinary shares of 0.25p each in issue, each share carrying the right to one 
vote. The Company does not hold any ordinary shares in treasury. 
 
The above figure of 187,701,308 ordinary shares may be used by shareholders in 
the Company 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. 
 
The Directors of Karoo Energy accept responsibility for the content of this 
announcement. 
 
ENQUIRIES: 
 
Company 
 
Noel Lyons 
020 3130 0674 
 
Corporate Adviser 
 
Peterhouse Corporate Finance Limited 
Guy Miller / Mark Anwyl 
Telephone: 020 7220 9796 
 
 
 
END 
 

(END) Dow Jones Newswires

November 10, 2016 05:53 ET (10:53 GMT)