25th Aug 2009 07:00
Max Petroleum Plc
(the "Company")
Exercise of warrants
25 August 2009
The Company announced today that, pursuant to a warrant deed to subscribe for ordinary shares of the Company dated 12 August 2009, Mr. Jaime Vieser elected for the cashless exercise of his right to subscribe for 12,500,000 Ordinary Shares at an exercise price of 4.538p per ordinary share, resulting in the issue and allotment of 10,194,935 new Ordinary Shares of 0.01p each.
Application has been made for the 10,194,935 Ordinary Shares to be admitted to trading on AIM on 28 August 2009. Following this allotment of shares, the Company's issued ordinary capital will be 375,473,672 Ordinary Shares.
Enquiries:
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Max Petroleum Plc |
Michael Young President and Chief Financial Officer |
Tel: +44 (0)20 7355 9590 |
|
Peter Moss Investor Relations Manager |
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Merlin PR |
Tom Randell / Anca Spiridon |
Tel: +44 (0)20 7653 6620 |
|
WH Ireland Ltd |
Daniel Bate |
Tel: +44 (0)161 832 2174 |
Related Shares:
MXP.L