CUE Cue Energy

RNS Number:1738Q
Cue Energy Plc
14 March 2008


                                                                                

                    Cue Energy plc ("Cue" or "the Company")                    

Result of EGM, Application for New Shares to be admitted to AIM and Substantial 
                                  Shareholders                                 

 

 The Directors of Cue are pleased to announce that the resolutions proposed at
the Extraordinary General Meeting, held today, and set out in the Notice of
Extraordinary General Meeting dated 21 February 2008, were duly passed.

As a result, the Company has issued 50,000,000 new Ordinary shares to the
shareholders of Oreion Energy Australia Pty Ltd ("Oreion") (the "Consideration
Shares") in consideration for the acquisition of the entire issued share capital
of Oreion. The Consideration Shares will represent approximately 18% of the
total issued enlarged share capital of the Company (280,207,901 Ordinary
shares).

Application has been made for the Consideration Shares, ranking pari passu with 
the Company's existing Ordinary shares, to be admitted to trading on AIM. 
Admission is expected to occur on Thursday 20 March 2008.

After the issue of the Consideration Shares, the following shareholders are
interested in 3% or more of the Company's issued share capital:

 
+--------------------------------------+--------------------+------------------+
|       Substantial Shareholder        | Ordinary shares of |  Percentage of   |
|                                      |     �0.07 each     |   issued share   |
|                                      |                    |     capital      |
+--------------------------------------+--------------------+------------------+
|SPGP                                  |     23,000,000     |      8.21%       |
+--------------------------------------+--------------------+------------------+
|Seapoint Investments Limited          |     18,500,000     |       6.6%       |
+--------------------------------------+--------------------+------------------+
|Etchell Capital Pty Ltd               |     15,000,000     |      5.35%       |
+--------------------------------------+--------------------+------------------+
|Resource Finance Services Limited     |     14,195,429     |      5.07%       |
+--------------------------------------+--------------------+------------------+
|CopperTree Mustang Fund               |     11,626,000     |      4.15%       |
+--------------------------------------+--------------------+------------------+
|Malcolm James                         |     10,630,989     |      3.79%       |
+--------------------------------------+--------------------+------------------+
|Malbros Investments Pty Ltd           |     10,000,000     |      3.57%       |
+--------------------------------------+--------------------+------------------+

 

 
For further information:


Cue Energy plc
Toby Howell / Gregory Kuenzel Tel: +44 (0)20 7182 1748

www.cueenergy.co.uk

HB Corporate
Edward Hutton Tel: +44 (0) 20 7510 8600



                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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