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Director/PDMR Shareholding

28th Jul 2010 16:39

RNS Number : 9521P
Maple Energy plc
28 July 2010
 



 

28 July 2010

 

 

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 23 July 2010, Mr. Carlos De La Guerra, Senior Vice President and Executive Director, entered into a sale and repurchase agreement (the "Agreement") through the Lima Stock Exchange for the sale and repurchase of up to 580,671 ordinary shares beneficially owned by Mr. Carlos De La Guerra.

 

Under the terms of the Agreement, Mr. Carlos De La Guerra will sell 580,671 ordinary shares at a price of $ 0.65 (42p*) per ordinary share, while assuming an obligation to repurchase such shares at a price of $0.69 (45p*) per ordinary share on or before 18 January 2011. Mr. Carlos De La Guerra has used the proceeds from this transaction to fulfill his repayment obligations outstanding under an existing sale and repurchase agreement that became due on 21 July 2010.

 

Following the completion of the transaction described above, and prior to the repurchase of such ordinary shares, Mr. De La Guerra will beneficially own 9,618,817 ordinary shares, or 6.45% of the outstanding share capital of Company on a non-diluted basis

 

\* The exchange rate used was 1.5332, the rate at Bloomberg for US dollars/UK sterling at 03:18hrs(EST) on 23 July 2010.

 

 

 

For further information, please contact:

 

Maple Energy plc (+ 51 1 611 4000)

Rex W. Canon, Chief Executive Officer, President and Executive Director

 

Jefferies International Limited (+44 20 7029 8000)

Oliver Griffiths

 

Mirabaud Securities Ltd (+44 20 7321 2508)

Peter Krens

Rory Scott

 

Citigate Dewe Rogerson (+44 20 7638 9571)

Martin Jackson

George Cazenove

 

 

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