19th Nov 2007 17:14
Max Petroleum PLC19 November 2007 Max Petroleum Plc (the "Company") Exercise of Options 19 NOVEMBER 2007 The Company announced today that Mr. Steven Kappelle, a former director and CEOof the Company, exercised options over a total of 1.4 million ordinary shares of0.01 pence in the Company ("Ordinary Shares") at an exercise price of 35p perOrdinary Share. The options exercised were originally granted by the Company toMr. Kappelle in October 2005 and are part of those which had vested prior to hisdismissal on 17 October 2007. Application has been made for the 1.4 million Ordinary Shares to be admitted totrading on the AIM Market of the London Stock Exchange on 23 November 2007. TheCompany's issued ordinary capital is increased to 325,481,931 Ordinary Shares. Enquiries: Max Petroleum Plc Michael Young Tel: +44 (0)20 7355 9590 Chief Financial Officer Peter Moss Tel: +44 (0)78 3457 2837 Investor Relations Manager Merlin PR Tom Randell / David Simonson Tel: +44 (0)20 7653 6620 WH Ireland Ltd Daniel Bate / David Youngman Tel: +44 (0)161 832 6644 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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