RNS


DJ San Leon Energy PLC Completion of Placing
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RNS Number : 7477Y
San Leon Energy PLC

31 December 2010


THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION,

DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER

STATE OR JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.
San Leon Energy plc
("San Leon Energy" or the "Company")

Issue of new Ordinary Shares and Completion of the GBP59.6 million Placing


Following the admission of the Placing Shares to trading on AIM today, San Leon Energy is pleased to announce the completion of


its Placing of approximately GBP59.6 million.


Following admission, the Company's enlarged share capital now comprises 781,995,611 ordinary shares with voting rights. The

Company does not hold any ordinary shares in treasury. Therefore the total number of ordinary shares in the Company with voting

rights is 781,995,611 which 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 in their interest in, the share capital of the Company under


the FSA's Disclosure and Transparency Rules.


All definitions contained herein are as set out in the circular published by the Company in connection with the Placing dated 7

December 2010.
31 December 2010
ENQUIRIES

San Leon Energy
plc Oisin Fanning, Executive Chairman +353 1291 6292
John Buggenhagen, Director
of Exploration

Macquarie Capital
(Europe) Limited Sole Bookrunner +44 (0) 3037 2000
John Dwyer
Paul Connolly
Ben Colegrave

Fox-Davies Capital Co-Lead Manager +44 (0) 203 463
Limited 5010
Phil Davies
David Porter

Arbuthnot Securities Nominated Adviser +44 (0) 20 7012
Limited 2000
Nick Tulloch
Ben Wells

College Hill Investment Relations Adviser +44 (0) 20 7457
2020
Nick Elwes


DISCLAIMER


Arbuthnot Securities Limited ("Arbuthnot"), which is authorised and regulated in the United Kingdom by the FSA, is the Company's

nominated adviser. Arbuthnot's responsibilities as the Company's nominated adviser under the AIM Rules are owed solely to the London

Stock Exchange and are not owed to the Company or to any Director or to any other person. Arbuthnot is acting exclusively for the

Company and no one else in connection with the Placing and Admission and will not regard any other person (whether or not a

recipient of this announcement) as a client in relation to the Placing or Admission and will not be responsible to anyone other than

the Company for providing the protections afforded to clients of Arbuthnot or for providing advice in relation to the Placing,


Admission or any matters referred to in this announcement.


Macquarie Capital (Europe) Limited, which is authorised and regulated in the United Kingdom by the FSA, is acting exclusively

for the Company and no one else in connection with the Placing and will not regard any other person (whether or not a recipient of

this announcement) as a client in relation to the Placing and will not be responsible to anyone other than the Company for providing

the protections afforded to clients of Macquarie Capital or for providing advice in relation to the Placing or any matters referred


to in this announcement.


Fox-Davies Capital Limited, which is authorised and regulated in the United Kingdom by the FSA, is acting exclusively for the

Company and no one else in connection with the Placing and will not regard any other person (whether or not a recipient of this

announcement) as a client in relation to the Placing and will not be responsible to anyone other than the Company for providing the

protections afforded to clients of FoxDavies or for providing advice in relation to the Placing or any matters referred to in this


announcement.


No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or

liability is or will be accepted by, Arbuthnot, Macquarie Capital or FoxDavies or by any of their respective affiliates or agents as

to, or in relation to, the accuracy or completeness of this announcement or any other written or oral information made available to

or publicly available to any interested party or its advisers, and any liability therefore is expressly disclaimed.

This announcement has been issued by the Company and is the sole responsibility of the Company.

The Placing Shares have not been and will not be registered under the US Securities Act of 1933 (the "Securities Act") or under

any securities laws of any state or other jurisdiction of the United States and may not be offered, sold, resold, transferred or

delivered, directly or indirectly, within the United States except pursuant to an applicable exemption from, or in a transaction not

subject to, the registration requirements of the Securities Act and in compliance with the securities laws of any state or other

jurisdiction the United States. There will be no public offer of the Placing Shares in the United States. The Placing Shares are

being offered and sold: (i) outside the United States in offshore transactions as such terms are defined in, and in reliance on,

Regulation S under the US Securities Act; and (ii) inside the United States only to "qualified institutional buyers" as defined in

Rule 144A under the Securities Act who have delivered a duly executed investor letter, pursuant to an exemption from registration

under the Securities Act. In addition, until forty days after the commencement of the Placing an offer, sale or transfer of Placing

Shares within the United States by any dealer (whether or not participating in the offering) may violate the registration


requirements of the Securities Act.


The Placing Shares have not been approved or disapproved by the US Securities and Exchange Commission (the "SEC"), any state

securities commission in the United States or any US regulatory authority, nor have any of the foregoing authorities passed upon or

endorsed the merits of the offering of the Placing Shares or the accuracy or adequacy of this announcement. Any representation to


the contrary is a criminal offence in the United States.


This announcement is for information purposes only and does not constitute a prospectus relating to the Company and has not been

approved by the UK Listing Authority, nor does it constitute or form any part of any offer or invitation to purchase, sell or

subscribe for, or any solicitation of any such offer to purchase, sell or subscribe for, any securities in the Company under any

circumstances, and in any jurisdiction, in which such offer or solicitation is unlawful. Accordingly, copies of this announcement

are not being and must not be, directly or indirectly, mailed, transmitted or otherwise forwarded, distributed or sent, in whole or

in part, in or into the United States and persons receiving this announcement (including brokers, custodians, trustees and other

nominees) must not, directly or indirectly, mail, transmit or otherwise forward, distribute or send this announcement in or into the


United States.


The Placing Shares have not been and will not be registered or qualified for distribution to the public under the securities

legislation of any province or territory of Australia, Canada, Japan or South Africa or in any country, territory or jurisdiction

where to do so may contravene local securities laws or regulations. Accordingly, the Placing Shares may not, subject to certain

exemptions, be offered or sold directly or indirectly in or into, or to any national, citizen or resident of Australia, Canada,

Japan or South Africa. The distribution of this announcement in or into other jurisdictions may be restricted by law and therefore

persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure

to comply with these restrictions may constitute a violation of the securities laws of any such jurisdictions.

This announcement contains (or may contain) certain forward-looking statements with respect to the Company and certain of its

current plans, goals and expectations relating to its future financial condition and performance and which involve a number of risks

and uncertainties. The Company cautions readers that no forward-looking statements are a guarantee of future performance and that

actual results could differ materially from those contained in such forward-looking statements.

Forward-looking statements sometimes use words such as "aim", "anticipate", "target", "expect", "estimate", "intend", "plan",

"goal", "believe" or other words of similar meaning. Examples of forward-looking statements include statements regarding or which

make assumptions in respect of the working capital which will be needed by the Group to fund its operations over the next twelve

months.
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By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances,

including, but not limited to, economic and business conditions, the effects of continued volatility in credit markets,

market-related risks such as changes in the price of oil or changes in interest rates and foreign exchange rates, the policies and

actions of governmental and regulatory authorities, changes in legislation, the further development of standards and interpretations

under International Financial Reporting Standards ("IFRS") applicable to past, current and future periods, evolving practices as

regards the interpretation and application of standards under IFRS, the outcome of pending and future litigation or regulatory

investigations, the success of future exploration, acquisitions and other strategic transactions and the impact of competition. A

number of these factors are beyond the Company's control. As a result, the Company's actual future results may differ materially

from the plans, goals and expectations set forth in the Company's forward-looking statements.

Any forward-looking statements made in this announcement by or on behalf of the Company speak only as at the date they are

made. Except as required by the FSA, the London Stock Exchange or applicable law, the Company expressly disclaims any obligation or

undertaking to release publicly any updates or revisions to any forward-looking statements contained in this announcement to reflect

any changes in the Company's expectations with regard thereto or any changes in events, conditions or circumstances upon which any


such statement is based.


The price of shares and the income from them may go down as well as up and investors may not get back the full amount invested


on disposal of the shares.


MEMBERS OF THE PUBLIC ARE NOT ELIGIBLE TO TAKE PART IN THE PLACING. THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS

DIRECTED ONLY AT: (A) PERSONS WHO ARE QUALIFIED INVESTORS AS DEFINED IN SECTION 86(7) OF THE FINANCIAL SERVICES AND MARKETS ACT

2000, AS AMENDED, BEING PERSONS FALLING WITHIN THE MEANING OF ARTICLE 2(1)(E) OF THE EU PROSPECTUS DIRECTIVE (WHICH MEANS DIRECTIVE

2003/71/EC AND INCLUDES ANY RELEVANT IMPLEMENTING MEASURE IN ANY MEMBER STATE) (THE "PROSPECTUS DIRECTIVE"); AND (B) IN THE UNITED

KINGDOM, QUALIFIED INVESTORS WHO ARE PERSONS WHO (I) HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS FALLING WITHIN

ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (THE "ORDER"); (II) ARE PERSONS

FALLING WITHIN ARTICLE 49(2)(A) TO (D) ("HIGH NET WORTH COMPANIES, UNINCORPORATED ASSOCIATIONS, ETC.") OF THE ORDER; OR (III) ARE

PERSONS TO WHOM IT MAY OTHERWISE BE LAWFULLY COMMUNICATED (ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS "RELEVANT PERSONS"). THIS

ANNOUNCEMENT MUST NOT BE ACTED ON OR RELIED ON BY PERSONS WHO ARE NOT RELEVANT PERSONS. PERSONS DISTRIBUTING THIS ANNOUNCEMENT MUST

SATISFY THEMSELVES THAT IT IS LAWFUL TO DO SO. ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE

ONLY TO RELEVANT PERSONS AND WILL BE ENGAGED IN ONLY WITH RELEVANT PERSONS. THIS ANNOUNCEMENT DOES NOT ITSELF CONSTITUTE AN OFFER

FOR THE SALE OR SUBSCRIPTION OF ANY SECURITITES IN THE COMPANY.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCTMBFTMBIJBJM
(END) Dow Jones Newswires
31-12-10 0812GMT


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