22nd Jan 2009 18:10
SOCO International plc
("SOCO" or the "Company")
NOTIFICATION OF TRANSACTIONS OF
DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY
OR CONNECTED PERSONS
In light of the guidance issued by the FSA on 9 January 2009 in relation to obligations to disclose security granted over shares, the Company announces that, in 2007, 48,652 SOCO International plc ordinary shares of £0.20 each ("Shares") held by Mr Rui de Sousa, Chairman of the Company, were pledged to Lloyds TSB Bank plc in Monaco as security against a general loan facility and 721,424 Shares held by Palamos Limited, a connected person to Mr de Sousa, were pledged to Ansbacher and Company Limited in London as security against a revolving loan credit facility. Mr de Sousa and Palamos Limited remain as the respective beneficial owners and retain control of the voting rights attached to such Shares.
22 January 2009
Contact:
SOCO International plc
Carol Fan, tel 020 7747 2000
Related Shares:
Pharos Energy