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Transfer of Directors Shares

27th Apr 2009 07:58

RNS Number : 1877R
Petroneft Resources PLC
27 April 2009
 

PetroNeft Resources plc

('PetroNeft' or the 'Company')

Transfer of Directors Shares

PetroNeft received notification today that, pursuant to a court order, David Sanders, Executive Director and General Counsel of PetroNeft, has transferred 2,102,803 ordinary shares or 50 per cent of his shareholding to his former-wife. Following this transfer Mr. Sanders' shareholding in the Company will be 2,102,802 ordinary shares or 0.92% of the Company's issued share capital.

A derogation from Rule 21 of the AIM Rules and IEX Rules was granted by the London Stock Exchange  and the Irish Stock Exchange to permit this transfer of shareholding while the Company is in a close period.

For further information, contact:

Paul Dowling, CFO, PetroNeft Resources plc

+353 1 443 3720

John Frain, Davy - Nomad

+353 1 679 6363

This information is provided by RNS
The company news service from the London Stock Exchange
 
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