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Exercise of Warrants

2nd Oct 2009 09:25

RNS Number : 1300A
Max Petroleum PLC
02 October 2009
 

Max Petroleum Plc 

(the "Company")

Exercise of warrants

2 October 2009

The Company announces that, pursuant to a warrant deed to subscribe for Ordinary Shares of 0.01p ('Shares') of the Company dated 11 August 2009, on 30 September 2009 Deutsche Bank AG exercised a right to subscribe for Shares at an exercise price of 5 pence per Share, resulting in the issue and allotment of 3,500,000 new Shares. 

Application has been made for these Shares to be admitted to trading on AIM on 7 October 2009.Following this allotment, the Company's issued ordinary share capital will be comprised of394,813,672 Shares.

Enquiries:

Max Petroleum Plc

Michael Young 

President and Chief Financial Officer

Tel: +44 (0)20 7355 9590

Peter Moss 

Investor Relations Manager

Merlin PR

Tom Randell / Olga Gorodilina

Tel: +44 (0)20 7653 6620

WH Ireland Ltd

Daniel Bate 

Tel: +44 (0)161 832 2174

This information is provided by RNS
The company news service from the London Stock Exchange
 
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