11th Oct 2012 15:03
Dublin
11th October 2012
Petroceltic International plc
('Petroceltic' or the 'Company')
Director Dealings
Petroceltic, the regionally focused North Africa, Mediterranean and Black Sea independent oil and gas company, announces that it was notified today that Tom Hickey, Chief Financial Officer of the Company, and Hugh McCutcheon, a non-executive director and Deputy Chairman of the Company, purchased ordinary shares of €0.0125 each in the share capital of the Company ("Shares") today, as follows:
Name | Shares Purchased | Price bought at (GBp) | Shares held post transaction | % held post transaction |
Tom Hickey | 350,000 | 7.00 | 6,232,856 | 0.14% |
Hugh McCutcheon | 350,000 | 7.00 | 1,450,000 | 0.03% |
In addition, Petroceltic was notified today by Robert Adair, Non-Executive Chairman, and Skye Investments Limited ("Skye", a company connected to Robert Adair) that, following completion of the merger of Petroceltic and Melrose Resources plc ("Melrose"), they have granted charges over a total of 989,045,728 Shares in favour of third parties.
These arrangements replace previous charges granted in favour of third parties that Robert Adair and Skye had entered into over an equivalent proportion of shares in Melrose.
Robert Adair and Skye remain the beneficial owner of all the Shares which are subject to the charges and retain the associated voting rights, subject to the Relationship Agreement entered into by Robert Adair, Skye and Petroceltic, further information on which is disclosed in the Admission Document published by Petroceltic on 17 August 2012.
Robert Adair and Skye together have an interest in 1,028,401,950 Shares, representing 23.43% of the Company's issued share capital.
ContactPeter Dunne, Company Secretary, +353 1 421 8300
11th October 2012
Related Shares:
PCI.L