17th May 2012 14:01
Max Petroleum Plc
("Max Petroleum" or the "Company")
Holdings in Company
17 May 2012
On 16 May 2012, the Company received notification that, as of 11 May 2012, GLG Partners LP ("GLG") held a beneficial interest in 58,401,078 ordinary shares in the Company ("Ordinary Shares"), consisting of convertible bonds held in the Company, which are convertible into 55,101,078 Ordinary Shares on a delta adjusted basis at a conversion price of 32p per share at a fixed USD/GBP exchange rate of $1.49 to £1, and a warrant entitling GLG to acquire a further 3,300,000 Ordinary Shares at an exercise price of 5p per share. If these convertible bonds were exercised (and assuming no other convertible bonds, warrants or options in the Company were exercised) the resulting holding of GLG would represent 5.4% of the then issued share capital of the Company.
Enquiries:
Max Petroleum Plc
| Michael Young President and Chief Financial Officer | Tel: +44 (0)207 355 9590
|
Tom Randell Director of Investor Relations
| ||
Merlin PR
| David Simonson/ Anca Spiridon | Tel: +44 (0)207 726 8400 |
WH Ireland Ltd
| Daniel Bate / Robin Gwyn | Tel: +44 (0)161 832 2174
|
Macquarie Capital | Paul Connolly / Steve Baldwin | Tel: +44 (0)203 037 2000 |
Oriel Securities | Michael Shaw / Ashton Clanfield | Tel: +44 (0)207 710 7600 |
Related Shares:
MXP.L