18th Jan 2006 09:40
D1 Oils Plc18 January 2006 January 18th 2006 D1 Oils plc ("the Company") - Notification of Directors' Interests D1 Oils plc announces today that it has been notified of certain changes inDirectors' Interests in the Ordinary Shares of the Company. With the exceptionof the purchase of shares by Dr Morton from Mr Watkin, the following technicaldisclosures relate to matters contemplated at the time of the flotation of theCompany in October 2004, and are announced today to satisfy regulatoryrequirements. Philip Kenneth Wood The Company has previously disclosed that Philip Kenneth Wood had an interest in673,000 shares. In the event 125,000 of these shares were not delivered.Accordingly Philip Kenneth Wood has now received a transfer of 125,000 sharesfrom Karl Eric Watkin, also a Director of the Company. Philip Kenneth Wood'sbeneficial interests remained unchanged at 673,000 ordinary shares representing2.16% of the issued share capital. Mr Wood remains subject to lock-in andorderly marketing arrangements regarding his share interests in the Companyrunning to 28 April 2006 as previously disclosed. Peter John Davidson FREng The Company has previously disclosed that Peter John Davidson had an interest in93,750 shares. In the event these shares were not delivered. Accordingly PeterJohn Davidson has now received a transfer of 93,750 shares from Karl EricWatkin, also a Director of the Company. Peter John Davidson's beneficialinterests remained unchanged at 93,750 ordinary shares representing 0.30% of theissued share capital. Mr Davidson remains subject to lock-in and orderlymarketing arrangements regarding his share interests in the Company running to28 April 2006 as previously disclosed. Dr Clive Neil Morton, OBE Clive Neil Morton has notified the Company that he has acquired 31,250 Ordinaryshares in the Company. 6,250 of these shares were acquired from Karl EricWatkin, also a Director of the Company. Dr Morton paid cash consideration of£25,000 for his shares and he is now interested in 31,250 shares in the Companyrepresenting 0.10% of the Company's issued share capital. Dr Morton has agreedwith Bell Lawrie that he has accepted lock-in and orderly marketing arrangementsregarding his share interests in the Company such that he may not, without theconsent of Bell Lawrie dispose of any of these shares prior to 28 April 2006. Karl Eric Watkin, MBE, Chairman Karl Eric Watkin MBE has notified the Company that he has ceased to beinterested in 288,428 Ordinary Shares in the Company. 125,000 shares have beentransferred to Philip Kenneth Wood, a Director, and 93,750 shares have beentransferred to Peter John Davidson, also a Director. 63,428 shares have beentransferred to third parties, all of which have accepted lock-in and orderlymarketing arrangements on similar terms to the Directors. 6,250 shares have beentransferred to Clive Neil Morton, a Director of the Company, as identifiedabove. All these transfers were effected for nil consideration, except for thetransfer to Dr Clive Neil Morton which was effected for 80p per share. Mr Watkinis now interested in 3,084,389 Ordinary Shares in the Company representing 9.88%of the Company's issued share capital. Mr Watkin remains subject to lock-in andorderly marketing arrangements regarding his share interests in the Companyrunning to 28 April 2006 as previously disclosed. Contacts: Brunswick Group LLP, Kevin Byram / Gill Ackers / Helen Barnes, 020 7404 5959 Ends This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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