17th Nov 2009 13:15
Max Petroleum Plc
(the "Company")
Holdings in Company
17 November 2009
On 16 November 2009, the Company received notification that, as of 28 October 2009, Stichting Pensioenfonds ABP ("ABP") held a beneficial interest in 33,281,088 ordinary shares in the Company ("Ordinary Shares"), consisting of convertible bonds held in the Company, which are convertible into 24,081,088 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 ABP to acquire a further 9,200,000 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 ABP would represent 7.5% of the then issued share capital of the Company.
Enquiries:
|
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