21st Jan 2010 11:21
SOCO International plc
("SOCO" or the "Company")
Notification of Transactions of Directors/Persons Discharging
Managerial Responsibility and Connected Persons
The Company announces that on 20 January 2010, the following purchases of SOCO International plc ordinary shares of £0.20 each ("Shares") were made by Directors of the Company at a purchase price of £14.10 per Share during a placing which was announced on the same day:
2,000 Shares were purchased by Mr Olivier Barbaroux, a Non-Executive Director of the Company, representing 0.002% of the issued share capital of the Company. As a result of this transaction, Mr Barbaroux is interested in 22,000 Shares, representing 0.03% of the issued share capital of the Company.
30,000 Shares were purchased by Mr Rui de Sousa, the Non-Executive Chairman of the Board, representing 0.04% of the issued share capital of the Company. As a result of this transaction, Mr de Sousa is interested in 800,076 Shares, representing 0.97% of the issued share capital of the Company and 1,509,201 warrants to acquire Shares ("Warrants"). This interest is held as follows: Mr de Sousa holds 78,652 Shares personally; Palamos Limited, a connected person to Mr de Sousa, holds 721,424 Shares, 55,336 Warrants at an exercise price of £0.55 per Share, 925,187 Warrants at an exercise price of £0.60 per Share and 528,678 Warrants at an exercise price of £0.65 per Share.
4,170 Shares were purchased by Dr Mike Watts, a Non-Executive Director, representing 0.005% of the issued share capital of the Company. As a result of this transaction, Dr Watts is interested in 10,685 Shares, representing 0.01% of the issued share capital of the Company.
Contact: Carol Fan, SOCO International plc, tel. 020 7747 2000.
Related Shares:
Pharos Energy