19th Jan 2010 12:31
Max Petroleum Plc
(the "Company")
Holdings in Company
19 January 2010
On 18 January 2010, the Company received notification that, as of 15 January 2010 General Enterprise Management Services (International) Limited ("GEMS") held indirectly a beneficial interest in 50,434,780 ordinary shares in the Company ("Ordinary Shares"), consisting of 9,334,779 Ordinary Shares and a warrant entitling GEMS to acquire a further 41,100,001 Ordinary Shares at an exercise price of 4.54-5.67p per share. If these warrants were exercised (and assuming no other warrants or options in the Company were exercised) the resulting holding of GEMS would represent 10.7% of the voting rights of the then issued ordinary share capital of the Company.
GEMS is the parent undertaking of Asia Resources Fund Ltd, which is the parent undertaking of ARF Energy Limited ("ARF"). ARF is the warrantholder and beneficial owner of the shares.
Enquiries:
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Max Petroleum Plc |
Michael Young President and Chief Financial Officer |
Tel: +44 (0)20 7355 9590 |
|
Peter Moss Vice President Corporate Development and Investor Relations |
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Merlin PR |
Tom Randell / Anca Spiridon |
Tel: +44 (0)207 726 8400 |
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WH Ireland Ltd |
Daniel Bate |
Tel: +44 (0)161 832 2174 |
Related Shares:
MXP.L