8th Mar 2012 07:00
Max Petroleum Plc
("Max Petroleum" or the "Company")
Holdings in Company
8 March 2012
On 6 March 2012, the Company received notification that, as of 1 March 2012, GLG Partners LP ("GLG") held a beneficial interest in 29,455,394 ordinary shares in the Company ("Ordinary Shares"), consisting of convertible bonds held in the Company, which are convertible into 26,155,394 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.
Applying the delta-adjusted method of calculating beneficial interest, GLG held less than 3 percent of the total voting rights attached to the issued ordinary share capital of the Company at that date.
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)20 7726 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