1st Nov 2007 07:01
Max Petroleum PLC01 November 2007 Max Petroleum plc (the "Company") (AIM: MXP) Director Dealings Notification of Transactions of Directors, Persons Discharging Managerial Responsibility ("PDMR") or Connected Persons 1 November 2007 On 29 October 2007, the Company granted to each of Messrs. Robert Holland,Executive Director and Interim CEO, and Lee Kraus, Executive Director andInterim COO, options to acquire 1,000,000 ordinary shares in the Company at anexercise price of 78p per share, of which one third are exercisable immediatelywith the remainders becoming exercisable in equal amounts on 29 October 2008 and29 October 2009. As a result of the recent dismissals of Mr. Kappelle, the Company's former CEO,and six other employees of the Company, options in respect of 7,397,669 ordinaryshares in the Company expired unexercised. Further to the Company's announcement on 30 October 2007, the correct holding ofMr J Langdon is 104,686 ordinary shares, which includes his purchase of 47,595ordinary shares announced on 8 March 2007. Enquiries: Michael Young, Chief Financial Officer Tel: 020 7355 9590Peter Moss, Investor Relations ManagerMax Petroleum Plc David Simonson Tel: 020 7653 6620Tom RandellMerlin PR Daniel Bate / David Youngman Tel: 0161 832 6644WH Ireland Ltd This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
MXP.L