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Holdings in Company

25th Jun 2009 14:27

RNS Number : 5183U
Max Petroleum PLC
25 June 2009
 



Max Petroleum Plc 

(the "Company")

Holdings in Company

25 June 2009

O25 June 2009, the Company received notification that, as of 23 June 2009, Deutsche Bank AG ("DB") and its subsidiaries held a beneficial interest in 3,149,849 ordinary shares in the Company ("Ordinary Shares") and an indirect beneficial interest in 23,585,810 Ordinary Shares arising from conversion rights of convertible bonds held in the Company, which are convertible into Ordinary Shares at a conversion price of 35p per share at a fixed USD/GBP exchange rate of $1.49 to £1. If these convertible bonds were exercised (and assuming no other warrants or options in the Company were exercised) the resulting holding of DB would represent 6.875% of the then issued share capital of the Company. The Company currently has 365,278,737 Ordinary Shares in issue.

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 / Anca Spiridon

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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