27th Mar 2006 13:17
Soco International PLC27 March 2006 SOCO International plc ("SOCO" or "the Company") DIRECTOR/PDMR SHAREHOLDING The Company was notified on 24 March 2006 by Mr Rui de Sousa, a Non-Executive Director in the Company, that New Falcon Oil Limited of which Mr de Sousa owns 100% if the issued share capital, had sold 572,211 SOCO International plc ordinary shares of £0.20 each ("Shares"). The Shares were sold at a price of £10.00 per Share and represent 0.79% of the issued share capital of the Company. Following this transaction, New Falcon Oil Limited no longer has a shareholding in SOCO. Mr de Sousa continues to retain an interest in 721,424 Shares, representing 0.99% of the issued share capital of the Company and 1,549,853 warrants to subscribe for Shares ("Warrants"). This interest is held as follows: • New Falcon Oil Limited holds 40,652 Warrants at an exercise price of £0.55. • Palamos Limited owns 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 at an exercise price of £0.65. Palamos Limited 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