5th Dec 2008 07:00
Embargoed for release: 0700 on 05 December 2008
Northern Petroleum Plc ("Northern" or the Company") Additional Listing & Directors' Shareholdings
Northern announces that pursuant to the authority granted on 30 June 2008 it has issued 87,478 ordinary shares of 5 pence to two directors and nineteen staff who have taken part of their salary entitlement in stock. The shares have been issued at a price of 65.50 pence per share being the mid market price at the close of business on 4 December 2008. Each new ordinary share will rank pari passu with existing ordinary shares. Application has been made for the shares to be admitted to trading on AIM and dealings are expected to commence on 12 December 2008. Following admission, the total number of ordinary shares in issue will be 70,982,059.
As a result of the above issue, Chris Foss, Finance Director, has increased his holding by 9,160 to 20,988 ordinary shares of 5 pence each, representing 0.03 per cent of the enlarged issued share capital of the Company. In addition, Graham Heard, Exploration & Technical Director, has increased his holding by 9,160 to 148,283 ordinary shares of 5 pence each, representing 0.21 per cent of the enlarged issued share capital of the Company.
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For further information please contact:
Northern Petroleum Plc Tel: +44 (0) 20 7469 2900
Chris Foss, Finance Director
Investec Tel: +44 (0) 20 7597 5000
Michael Ansell / Patrick Robb
Bishopsgate Communications (Press) Tel: +44 (0) 20 7562 3350
Nick Rome / Maxine Barnes
Buchanan Communications (Analysts) Tel: +44 (0) 20 7466 5000
Tim Thompson / Ben Romney
Notes to Editors:
Further information on Northern is available at www.northpet.com.
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Cabot Energy