26th Feb 2010 16:59
Max Petroleum Plc
(the "Company")
Holdings in Company
26 February 2010
On 26 February 2010, the Company received notification that, as of 24 February 2010 General Enterprise Management Services (International) Limited ("GEMS") held directly and indirectly a beneficial interest in 46,428,546 ordinary shares in the Company ("Ordinary Shares"), consisting of 5,328,545 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 9.8% 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
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Michael Young President and Chief Financial Officer |
Tel: +44 (0)20 7355 9590
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Peter Moss Vice President Corporate Development and Investor Relations
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Merlin PR
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Tom Randell / Anca Spiridon |
Tel: +44 (0)207 726 8400 |
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WH Ireland Ltd
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Daniel Bate |
Tel: +44 (0)161 832 2174
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Related Shares:
MXP.L