16th Feb 2011 15:37
Max Petroleum Plc
(the "Company")
Holdings in Company
16 February 2011
On 16 February 2011, the Company received notification that, as of 11 February, GLG Partners LP ("GLG") held a beneficial interest in 41,387,399 ordinary shares in the Company ("Ordinary Shares"), consisting of convertible bonds held in the Company, which are convertible into 37,967,399 Ordinary Shares on a delta adjusted basis at a conversion price of 35p per share at a fixed USD/GBP exchange rate of $1.49 to £1, and a warrant entitling GLG to acquire a further 3,420,000 Ordinary Shares at an exercise price of 5p per share. If these convertible bonds and warrants were exercised (and assuming no other convertible bonds, warrants or options in the Company were exercised) the resulting holding of GLG, as of 11 February 2011, would represent 8.3% of the then issued share capital of the Company.
Enquiries:
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Related Shares:
MXP.L