RNS Number : 9241Y
Max Petroleum PLC
08 March 2012
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Max Petroleum Plc
("Max Petroleum" or the "Company")
Holdings in Company
8 March 2012
On 6 March 2012, the Company received notification that, as of 1 March 2012, GLG Partners LP ("GLG") held a beneficial interest in 29,455,394 ordinary shares in the Company ("Ordinary Shares"), consisting of convertible bonds held in the Company, which are convertible into 26,155,394 Ordinary Shares on a delta adjusted basis at a conversion price of 32p per share at a fixed USD/GBP exchange rate of $1.49 to £1, and a warrant entitling GLG to acquire a further 3,300,000 Ordinary Shares at an exercise price of 5p per share.
Applying the delta-adjusted method of calculating beneficial interest, GLG held less than 3 percent of the total voting rights attached to the issued ordinary share capital of the Company at that date.
Enquiries:
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Max Petroleum Plc
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Michael Young
President and Chief Financial Officer
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Tel: +44 (0)207 355 9590
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Tom Randell
Director of Investor Relations
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Merlin PR
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David Simonson/ Anca Spiridon
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Tel: +44 (0)20 7726 8400
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WH Ireland Ltd
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Daniel Bate / Robin Gwyn
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Tel: +44 (0)161 832 2174
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Macquarie Capital
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Paul Connolly / Steve Baldwin
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Tel: +44 (0)203 037 2000
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Oriel Securities
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Michael Shaw / Ashton Clanfield
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Tel: +44 (0)207 710 7600
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This information is provided by RNS
The company news service from the London Stock Exchange
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