6th Oct 2005 14:22
Soco International PLC06 October 2005 SOCO International plc ("SOCO" or "the Company") DIRECTORS' INTERESTS The Company was notified on 6 October 2005 that Yunfiel SA transferred 40,652warrants to acquire SOCO International plc shares ("Warrants") at £0.55 each toUpper Ground Limited for nil consideration. Mr Patrick Maugein, Chairman of theCompany, beneficially owns 100% of the issued share capital of both Yunfiel SAand Upper Ground Limited. The Company was notified on 6 October 2005 that Upper Ground Limited hasreceived 25,000 SOCO International plc ordinary shares of £0.20 each ("Shares")from New Falcon Oil Limited for consideration of £7.49 per Share. New FalconOil Limited, in which Mr Rui de Sousa, a Non-executive Director of the Company,owns 100% of the issued share capital, has additionally disposed of 17,408Shares for consideration of £7.49 per Share. Mr Maugein is now deemed to have an interest in 6,806,860 Shares representing9.37% of the issued share capital of the Company. This interest is held throughChemsa Ltd (5,921,435 Shares representing 8.15%), a trust company whosepotential ultimate beneficiary is the family of Mr Maugein, and through UpperGround Limited (885,425 Shares representing 1.22%) of which Mr Maugein owns 100%of the issued share capital. In addition to Shares, Mr Maugein is interested ina total of 365,867 Warrants held through Chemsa Ltd (325,215 Warrants) and UpperGround Limited (40,652 Warrants) at an exercise price of £0.55 each. Mr de Sousa is now deemed to have an interest in 1,293,635 Shares, representing1.78% of the issued share capital of the Company. This interest is held throughPalamos Limited (721,424 Shares representing 0.99%), a trust company whosepotential ultimate beneficiary is the family of Mr de Sousa, and through NewFalcon Oil Limited (572,211 Shares representing 0.79%) of which Mr de Sousa owns100% of the issued share capital. In addition to Shares, Mr de Sousa isinterested in a total of 1,549,853 Warrants held through Palamos Limited whichholds 55,336 Warrants, 925,187 Warrants and 528,678 Warrants at an exerciseprice of £0.55, £0.60 and £0.65 each respectively and through New Falcon OilLimited which holds 40,652 Warrants at an exercise price of £0.55 each. Contact: Carol Fan, 020 7747 2000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Pharos Energy