26th Sep 2007 09:55
Soco International PLC26 September 2007 SOCO International plc ("SOCO" or "the Company") DIRECTOR/PDMR SHAREHOLDING The Company announces that Mr Rui de Sousa, Non-Executive Chairman of theCompany, acquired 40,652 SOCO International plc ordinary shares of £0.20 each("Shares") on 25 September 2007. The Shares were acquired as a result of an exercise of 40,652 warrants tosubscribe for ordinary shares in the Company at a subscription price of £0.55per share ("Warrants") by New Falcon Oil Limited, a company in which Mr de Sousaowns 100% of the issued share capital, and the subsequent transfer of the Sharesfrom New Falcon Oil Limited to Mr de Sousa. Following these transactions, Mr de Sousa has an interest in 769,576 Shares,representing 1.06% of the issued share capital of the Company and 1,509,201Warrants. This interest is held as follows: • 48,152 Shares (0.07%) are held by Mr de Sousa; • 721,424 Shares (0.99%) and 55,336 Warrants at an exercise price of £0.55, 925,187 Warrants at an exercise price of £0.60 and 528,678 Warrants at an exercise price of £0.65 are held by Palamos Limited, which is owned by a trust company whose potential beneficiary is the family of Mr de Sousa. Contact: Carol Fan 020 7747 2000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Pharos Energy