21st Sep 2011 07:00
Max Petroleum Plc
(the "Company" or "Max Petroleum")
Holdings in Company
21 September 2011
On 20 September 2011, the Company received notification that, as of 19 September 2011 General Enterprise Management Services (International) Limited ("GEMS") held directly and indirectly a beneficial interest in 36,924,217 ordinary shares in the Company ("Ordinary Shares"), consisting of 9,397,899 Ordinary Shares and a warrant entitling GEMS to acquire a further 27,526,318 Ordinary Shares at an exercise price of 4.54-19.22p 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 3.9% 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 warrant holder and beneficial owner of the shares.
Enquiries:
Max Petroleum Plc
| Michael Young President and Chief Financial Officer | Tel: +44 (0)20 7355 9590
|
Tom Randell Director of Investor Relations
| ||
Merlin PR
| David Simonson / Anca Spiridon | Tel: +44 (0)207 726 8400 |
WH Ireland Ltd
| Daniel Bate / Robin Gwyn | Tel: +44 (0)161 832 2174
|
Macquarie Capital Advisers | Paul Connolly / Ben Oakley | Tel: +44 (0)203 037 2000 |
Related Shares:
MXP.L