4th Dec 2007 17:30
Max Petroleum PLC04 December 2007 Max Petroleum Plc ("the Company") Exercise of Options 04 December 2007 The Company announced today that Mr. Steven Kappelle, a former director and CEOof Max Petroleum Plc, exercised options over a total of 1 million ordinaryshares of 0.01 pence in the Company ("Ordinary Shares") at an exercise price of35p per Ordinary Share. The options exercised were originally granted by theCompany to Mr. Kappelle in October 2005 and are part of those which had vestedprior to his dismissal on 17 October 2007. Application has been made for the 1 million Ordinary Shares to be admitted totrading on the AIM Market of the London Stock Exchange on 10 December 2007. TheCompany's issued ordinary capital is increased to 326,483,931 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:
MXP.L