7th Aug 2007 14:50
Rift Oil PLC07 August 2007 For immediate release 7 August 2007 Rift Oil PLC Directors' Dealing Further to the announcement made on 18 July 2007, Rift Oil PLC ("Rift") hasentered into agreements with the following of its Directors, or entities inwhich certain Directors have a beneficial interest, to subscribe for new Sharesat the Placing Price of 3.75p. The Placing is still subject to approval by Rift Shareholders at anExtraordinary General Meeting to be held on 16 August 2007. Assuming that the Placing is approved by Shareholders and the maximum amount of293,333,333 new Ordinary Shares is issued, each Director's resultant interest inthe enlarged issued share capital of 697,445,332 Ordinary Shares in the Companyis also shown below. Name Note Shares Share interest Resultant share Resultant interest subscribed before Placing interest in Enlarged Share for in Capital Placing Thornaby Limited 1 1,333,334 73,647,560 74,980,894 10.75%Ocarina Investments Limited 2 1,333,333 57,047,551 58,380,884 8.37%Peter Mikkelsen 133,333 126,400 259,733 0.04%John Bentley 666,667 nil 666,667 0.1% Notes: 1. In which Ian Gowrie-Smith has a beneficial interest. 2. In which David Lees has a beneficial interest. Enquiries: Rift Oil PLC RBC Capital Markets Buchanan CommunicationsDavid Lees Andrew Smith Tim AndersonFinance Director Martin Eales Isabel Podda+44 20 7340 9970 +44 20 7029 7881 +44 20 7466 5000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Rift Helium