PRESS RELEASE

18 MAY 2009

RAMCO ENERGY PLC
(“Ramco” or the “Company”)

Exercise of warrants

Ramco, the Aberdeen-based energy investment company, announces that, following the exercise of 600,000 warrants, it has allotted and issued, conditional upon admission to the AIM market, 600,000 new ordinary shares ("New Ordinary Shares") of 10p each.

The exercise of the warrants, which were granted in August 2005 at a price of 34p per share, results in the Company receiving £204,000 as proceeds of the exercise.

Application will be made for the New Ordinary Shares to be admitted to AIM and dealings are expected to commence on 22 May 2009.

Following the issue of the New Ordinary Shares, the total number of issued ordinary shares in the Company will be 50,619,279.

 

 

 

ENQUIRIES:

Ramco Energy plc    Tel: 01224 748480
Chris Moar, Finance Director

 

Ambrian Partners Limited   Tel: 020 7634 4700
Andrew Craig, NOMAD

 

College Hill   Tel: 020 7457 2020
Nick Elwes, PR Consultant

 

 


Ramco Energy plc
Britannia House
Endeavour Drive
Arnhall Business Park
Westhill
Aberdeenshire
AB32 6UF
United Kingdom
Tel: +44 (0)1224 748480
Fax: +44 (0)1224 748481


 

 

 

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The Company has been advised that certain broking firms have been promoting and selling shares in the Company in an unsolicited manner. Shareholders are strongly advised to ensure that they only conduct transactions with firms who are authorised to conduct investment business by the Financial Services Authority. Information on whether any particular firm is so authorised can be obtained from the FSA.

False Employment Offers Warning: Please be aware that certain organisations may be offering false employment opportunities with SeaEnergy PLC and/or its associated companies.