Not that great investment22 Dec 2011 17:17
Came accross this whilst I was researching another company.
THE EAST AFRICAN OIL & ENERGY EXPLORATION COMPANY PLC
("East African" or "the Company")
NOTIFICATION OF MAJOR INTEREST IN SHARES
On 18 March 2011 the Company issued Rivington Street Ventures Limited with Loan Notes convertible into
75,000,000 Ordinary Shares of 0.8p each. On the 19 December, the Company received notification that a
majority of the Loan Notes had been reassigned and exercised for 60,000,000 shares to be issued and as a
result, the following parties hold a disclosable interest in the Company:
Bridge Hall Stockbrokers Limited holds 37,595,885 Ordinary Shares representing 29.9% of the new issued
share capital of the Company. Peterhouse Capital Limited holds 11,500,000 Ordinary Shares representing
9.15%. Finally, Woodburne Square AG Plc holds 10,904,115 Ordinary Shares representing 8.67% of the issued
share capital in the Company.
In accordance with the FSA's Disclosure and Transparency Rules, the Board of East African confirms that the
Company now has 125,738,747 shares of 0.8p each in issue carrying voting rights.
The above figure may be used by shareholders as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or change to their interest in East African
under the FSA's Disclosure and Transparency Rules.
The Directors of the issuer accept responsibility for this announcement.
ENDS