18th Jul 2007 16:07
Max Petroleum PLC18 July 2007 Max Petroleum Plc ("Max Petroleum" or "the Company") 18 July 2007 Exercise of Options and Holdings in Company The Company announced today that options have been exercised over 10,000,000 newOrdinary Shares of 0.01p each, for total consideration of £10,000,000.Application has been made for these shares to be admitted to trading on the AIMMarket of the London Stock Exchange on 23 July 2007. On allotment of these newshares, the issued ordinary share capital of the Company will be increased to324,033,931 Ordinary Shares of 0.01p each. Following the exercise of these options, the Company was notified today that Mr.David Rigoll has a beneficial interest in 10,583,602 ordinary shares of theCompany, representing 3.27% of the total voting rights attached to its issuedordinary share capital. Furthermore, the Company was notified that Mr. Rigoll isthe ultimate beneficial owner of Tigerkhan Limited and has an economic interestin an additional 41,000,000 ordinary shares in the Company previously held byTigerkhan Limited, which ceased to hold a notifiable interest in the Company asof 11 July 2007. Enquiries: Max Petroleum Plc Michael Young Tel: +44 (0)20 7355 9590 Chief Financial Officer Peter Moss, Tel: +44 (0)78 3457 2837 Investor Relations Manager Merlin PR Tom Randell / Maria Suleymanova Tel: +44 (0)20 7653 6620 WH Ireland Ltd David Porter / James Joyce Tel: +44 (0)20 7220 1666 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
MXP.L