9th Jul 2010 16:45
For immediate release: 9 July 2010
Northern Petroleum Plc ("Northern" or "the Company") Directors' Shareholdings
The Company has been informed today that Richard Latham, Chairman of Northern, has this morning transferred 42,160 ordinary shares of the Company from his personal holdings to his SIPP at a price of 95p per share, being the mid market price at start of business today. This transfer does not alter Mr Latham's total beneficial shareholding of 962,477 ordinary shares, which represents 1.05 per cent of the issued share capital of the Company.
In addition the Company has been advised today that Chris Foss, Director of Legal & Corporate Affairs, this afternoon transferred 43,440 ordinary shares from his personal holdings to his SIPP at a price of 95p per share, being the mid market price at start of business today. Following this transaction Mr Foss' beneficial shareholding remains at 102,052 ordinary shares, which represents 0.11 per cent of the issued share capital of the Company.
Following these transactions, the Directors' total beneficial shareholdings remain at 2,901,635 ordinary shares, which represents 3.16 per cent of the enlarged issued share capital of the Company.
- Ends -
For further information please contact:
Northern Petroleum Plc Tel: +44 (0) 20 7469 2900 Richard Latham, Chairman Chris Foss, Director of Legal & Corporate Affairs
Sophie Hull, Head of Corporate Communications
Cenkos Securities (NOMAD and Joint Broker) Jon Fitzpatrick Tel: +44 (0) 20 7397 8900
Jefferies International (Joint Broker) Tel: +44 (0) 20 7029 8000
Chris Snoxall Financial Dynamics Tel: +44 (0) 20 7831 3113
Billy Clegg / Edward Westropp
Bishopsgate Communications Tel: +44 (0) 20 7562 3350
Nick Rome / Michael Kinirons
Notes to Editors:About Northern
Northern Petroleum Plc is independent oil and gas Exploration Company listed on the AIM market in London focused on the European Union and nearby areas.
Comprehensive information on Northern and its oil and gas operations, including all press releases, annual reports and interim reports are available from Northern's website at www.northpet.com.
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