3rd Mar 2011 12:58
Max Petroleum Plc
(the "Company" or "Max Petroleum")
Holdings in Company
3 March 2011
On 3 March 2011, the Company received notification that, as of 1 March 2011 General Enterprise Management Services (International) Limited ("GEMS") held directly and indirectly a beneficial interest in 37,316,217 ordinary shares in the Company ("Ordinary Shares"), consisting of 9,789,899 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 4.6% 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 warrantholder and beneficial owner of the shares.
Enquiries:
Max Petroleum Plc
| Michael Young President and Chief Financial Officer | Tel: +44 (0)20 7355 9590
|
Peter Moss Vice President Investor Relations and Business Development
| ||
Merlin PR
| Tom Randell / Anca Spiridon | Tel: +44 (0)20 7726 8400 |
WH Ireland Ltd
| Daniel Bate / Katy Mitchell | Tel: +44 (0)161 832 2174
|
Macquarie Capital Advisers | Paul Connolly / Ben Oakley | Tel: +44 (0)203 037 2000 |
Related Shares:
MXP.L