Xcite Energy, an AIM-listed North Sea oil and gas group, said Friday that it has applied for the admission of 931,000 new ordinary shares to AIM following the exercise of share options by a former employee of Xcite Energy Resources.
The shares are without par value and will shall rank pari passu with the group's existing shares.
The share price rose 0.72% go 104.25p by 13:34.
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