24th Nov 2009 13:09
Max Petroleum Plc
(the "Company")
Holdings in Company
24 November 2009
On 23 November 2009, the Company received notification that, as of 20 November 2009, Sandell Asset Management Corp. ("Sandell"), on behalf of Castlerigg Master Investments Ltd., held directly and indirectly a beneficial interest in 30,287,127 ordinary shares in the Company ("Ordinary Shares") consisting of 2,436,825 Ordinary Shares and convertible bonds held in the Company, which are convertible into 27,850,302 Ordinary Shares at a conversion price of 35p per share at a fixed USD/GBP exchange rate of $1.49 to £1. If these convertible bonds were exercised (and assuming no other convertible bonds, warrants or options in the Company were exercised) the resulting holding of Sandell would represent 6.9% of the then issued share capital of the Company.
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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Vice President Investor Relations and Business Development |
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Merlin PR |
Tom Randell / Olga Gorodilina |
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