30 Mar 2011 13:18
For immediate release: 30 March 2011
Northern Petroleum Plc ("Northern" or "the Company") Additional Listing & Director's Shareholding
The Company announces that, following the exercise of warrants at 68.5 pence today by both Graham Heard, Northern's Exploration & Technical Director, and also by a member of staff, it has made an application for the admission of 38,600 ordinary shares of 5 pence each ("Shares") to trading on AIM. Each new Share will rank pari passu with existing Shares. Following the admission, the total number of Shares in issue will be 92,175,660.
It is expected that dealings in the 38,600 Shares will commence on 5 April 2011.
The Shares were issued pursuant to corporate authorities granted by shareholders in 2008.
Mr Heard has today transferred his resultant new 18,600 ordinary shares to his SIPP at a price of 128.125p per share. Following this warrant exercise and transfer, Mr Heard's total beneficial shareholding has increased by 18,600 to 587,497 ordinary shares, which represents 0.64 per cent of the issued share capital of the Company. Today's transactions do not however result in any change in Mr Heard's beneficial interest in the diluted share capital of Company as a result of the transfer to his SIPP.
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For further information please contact:
Northern Petroleum Plc Tel: +44 (0) 20 7469 2900 Chris Foss, Director of Finance, Legal & Corporate Affairs Sophie Hull, Head of Corporate Communications Cenkos Securities (NOMAD and Joint Broker) Jon Fitzpatrick Tel: +44 (0) 20 7397 8900 Ken Fleming / Beth McKiernan Tel: +44 (0) 131 220 6939 Jefferies International (Joint Broker) Tel: +44 (0) 20 7029 8000
Chris Snoxall Financial Dynamics Tel: +44 (0) 20 7831 3113
Billy Clegg / Edward Westropp Bishopsgate Communications Tel: +44 (0) 20 7562 3350 Nick Rome / Michael Kinirons
Notes to Editors:
Further information on Northern is available at www.northpet.com.
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