Frequently Asked Questions

Q. Do I need a new SeaEnergy PLC share certificate now the Company has changed its name?

A. No existing Ramco Energy plc certificates remain valid.

Q. When do Lanstead get issued with their shares?

A. All of the shares under the recent placings have already been issued to Lanstead. They were issued with 9,900,000 shares on Sept 7th and a further 5,100,000 following shareholder approval at the General Meeting on September 24th, giving them a total of 15,000,000 shares (22.03%). There are no further shares to be issued to Lanstead under the existing arrangements.

Q. Can the equity swap arrangement with Lanstead result in the company receiving more than £7.5m?

A. Yes, if the share price performance in any month, over the 18 month swap period exceeds the strike price of 73.3p per share then the Company will receive more cash than anticipated for that month, if the share price is under the strike price the Company will receive less than expected. In aggregate over the 18 month period it is possible that the Company will receive more than £7.5m. There is no upside cap on the arrangement.