Range Resources Ltd Falls On Share Issue

Range Resources Ltd (LON: RRL) also announces change of registered address.

Mark Stones

Mark Stones (TMFMumbojumbones) joined The Motley Fool in 2014 and initially worked as a writer for Fool.co.uk, before joining the Fool’s analyst programme. Mark earned a BA in English from Loughborough University. Although he spends more time reading annual reports than Russian literature these days, he still appreciates a novelist’s antipathy toward the accepted view, which is a useful attitude when trying to sniff out hidden gems on the stock market. His approach to investing has been largely influenced by the principles of Warren Buffett and Peter Lynch. He also takes a special interest in the work of healthcare companies. Outside of investing, Mark plays guitar, enjoys good writing and has a guilty passion for combat sports.

Published 21 July, 2014 10:55 am BST

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Shares of Range Resources (LSE: RRL) fell by more than 8% in early trade after the oil and gas producer issued 443,614,813 ordinary shares, 161,472,247 unlisted options (£0.01, 14 July 2018) and 118,729,593 unlisted options (£0.02, 14 July 2018).

Range Resources’ issued ordinary share capital will be 4,964,816,681.