6th Oct 2009 09:01
Max Petroleum Plc
(the "Company")
Holdings in Company
6 October 2009
On 5 October 2009, the Company received notification that, as of 30 September 2009, GLG Partners LP ("GLG") held an indirect beneficial interest in 76,401,802 ordinary shares in the Company ("Ordinary Shares"), consisting of 15,840,000 Ordinary Shares, convertible bonds held in the Company, which are convertible into 55,281,802 Ordinary Shares 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 5,280,000 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 30 September 2009, would represent 16.9% of the then issued share capital of the Company.
On 5 October 2009, the Company further received notification that, as of 1 October 2009, GLG held an indirect beneficial interest in 60,626,360 Ordinary Shares, consisting of 64,558 Ordinary Shares, convertible bonds held in the Company, which are convertible into 55,281,802 Ordinary Shares 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 5,280,000 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 1 October 2009, would represent 13.3% of the then issued share capital of the Company.
The Company currently has 394,813,672 Ordinary Shares in issue.
Enquiries:
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Max Petroleum Plc |
Michael Young President and Chief Financial Officer |
Tel: +44 (0)20 7355 9590 |
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Peter Moss Investor Relations Manager |
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Merlin PR |
Tom Randell / Olga Gorodilina |
Tel: +44 (0)20 7653 6620 |
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WH Ireland Ltd |
Daniel Bate |
Tel: +44 (0)161 832 2174 |
Related Shares:
MXP.L