5th Feb 2008 18:18
Max Petroleum PLC05 February 2008 Max Petroleum Plc (the "Company") Exercise of Options 5 February 2008 The Company announces that, on 4 February 2008, Mr. Steven Kappelle, a formerdirector and CEO of the Company, exercised options over a total of 500,000ordinary shares of 0.01 pence in the Company ("Ordinary Shares") at an exerciseprice of 35p per Ordinary Share. The options exercised were originally grantedby the Company to Mr. Kappelle in October 2005 and are part of those which hadvested prior to his dismissal on 17 October 2007. Application has been made for the 500,000 Ordinary Shares to be admitted totrading on AIM on 11 February 2008. Following this exercise of options, theCompany's issued ordinary capital is increased to 328,278,737 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