19th Nov 2009 17:30
19 November 2009
MAPLE ENERGY PLC
("Maple" or the "Company")
Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities
("PDMR") or Connected Persons
Maple Energy plc (AIM: MPLE; LIMA: MPLE), an integrated energy company with assets in Peru, announces today that on 18 November 2009 Mr. Rex Canon, the Company's Chief Executive Officer, satisfied the repurchase obligation of the sale and repurchase agreement (the "Agreement") announced on 24 April 2009.
The Agreement was entered into with Credibolsa SAB, a regulated broker dealer in Peru, pursuant to which Mr. Canon sold 66,400 ordinary shares in the Company beneficially owned by Mr. Canon (the "Shares") at a price of $3.01 per ordinary share with an obligation to repurchase the Shares on or before 19 November 2009 at a price of $3.15 per ordinary share, or an aggregate repurchase price of $208,900, plus certain fees (the "Repurchase Price").
Following the repurchase of the ordinary shares as required by the Agreement, Mr. Canon beneficially owns 7,216,998 ordinary shares in the Company, or 8.1% of the outstanding share capital of the Company on a non-diluted basis.
For further information, please contact:
Maple Energy plc (+ 51 1 611 4000)
Jack W. Hanks, Chairman of the Board and Executive Director
Rex W. Canon, Chief Executive Officer, President and Executive Director
Jefferies International Limited (+44 20 7029 8000)
Jack Pryde
Paul Wheeler
Schuyler Evans
Mirabaud Securities Ltd (+44 20 7321 2508)
Peter Krens
Rory Scott
Citigate Dewe Rogerson (+44 20 7638 9571)
Martin Jackson
George Cazenove
Related Shares:
MPLE.L