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Director/PDMR Shareholding

2nd Oct 2013 07:00

RNS Number : 4829P
Maple Energy plc
02 October 2013
 



 

 

 

 

MAPLE ENERGY PLC

 

("Maple" or the "Company")

 

Notification of Transactions by Directors and Persons Discharging Managerial Responsibility Shareholding

 

 

Maple Energy plc (AIM: MPLE; LIMA: MPLE), an integrated energy company with assets in Peru, was notified that on 30 September 2013, Mr. Tony Hines, Senior Vice President and Executive Director, entered into three sale and repurchase agreements (the "Financing Agreements") through the Lima Stock Exchange for the total sale and repurchase of up to 1,120,241 ordinary shares beneficially owned by Mr. Tony Hines.

 

Under the terms of the Financing Agreements, Mr. Tony Hines sold a total of 1,120,241 ordinary shares at a price of US$0.65 (40p*) per ordinary share, while assuming at the same time the obligation to repurchase such shares at a price of US$0.68 (42p*) per ordinary share on 10 February 2014. Mr. Tony Hines used a substantial portion of the proceeds from this transaction to fulfill his repayment obligations outstanding under existing sale and repurchase agreements that became due on 30 September 2013.

 

 

Following the completion of the transaction described above, and prior to the repurchase of such ordinary shares, Mr. Tony Hines will continue to beneficially own 7,622,686 ordinary shares, or 4.6% of the outstanding share capital of Company on a non-diluted basis.

 

\* The exchange rate used was 1.6186 for US$/UK sterling calculated as of 30 September 2013.

 

 

For further information, please contact:

 

Maple Energy plc (+ 51 1 611 4000)

Guillermo Ferreyros, Chief Executive Officer, Executive Director

 

Cenkos Securities plc (+44 20 7397 8900)

Jon Fitzpatrick

Ken Fleming

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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