2 Mar 2012 16:00
02 March 2012 Northern Petroleum Plc ("Northern" or "the Company" (AIM: NOP)) Director's Shareholding
The Company has been advised today that Graham Heard, Exploration & Technical Director, this morning transferred 56,750 ordinary shares from his personal holdings to his SIPP at a price of 70.5p per share, being the mid market price at start of business today. Following this transaction Mr Heard's beneficial shareholding remains at 587,497 ordinary shares, which represents 0.63 per cent of the issued share capital of the Company.
Following this transaction, the Directors' total beneficial shareholdings remain at 3,513,461 ordinary shares, which represents 3.68 per cent of the enlarged issued share capital of the Company.
For further information please contact:
Northern Petroleum Plc Tel: +44 (0)20 7469 2900
Chris Foss, Director of Finance, Legal & Corporate Affairs Graham Heard, Exploration & Technical Director
Cenkos Securities (NOMAD and Joint Broker)Jon Fitzpatrick Tel: +44 (0) 20 7397 8900Ken Fleming / Beth McKiernan Tel: +44 (0) 131 220 6939 Westhouse Securities (Joint Broker) Tel: +44 (0) 20 7601 6100Richard Baty / Petre Norton - Corporate Finance Sanjiv Pandya - Corporate Broking FTI Consulting Tel: +44 (0) 20 7831 3113Billy Clegg / Edward Westropp Bishopsgate Communications Tel: +44 (0) 20 7562 3350Nick Rome / Shabnam Bashir Notes to Editors:
Northern is a full cycle oil and gas company currently holding over 50 licences in a number of low risk areas and is continuing with its strategy of adding and securing value for shareholders as it engages with projects at all stages of the E&P value chain.
Comprehensive information on Northern and its oil and gas operations, including all press releases, annual reports and interim reports are available from Northern's website at www.northpet.com.
XLON