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13 Jan 2017 07:00
Northern Petroleum Plc
("Northern Petroleum" or "the Company")
Director Shareholding
Pursuant to the Open Offer, the results of which were announced on 10 January 2017, the Directors acquired the following shares:
Director | Number of Existing Ordinary Shares
| Percentage of ExistingOrdinary Shares | Number of sharesacquired under the Open Offer | Number of Ordinary Shares held after the Open Offer | Percentage of Ordinary Sharesheld after the Open Offer
|
Keith Bush | 450,000 | 0.17% | 140,735 | 590,735 | 0.19% |
Nick Morgan | 448,000 | 0.16% | 272,522 | 720,522 | 0.23% |
Iain Lanaghan | 217,000 | 0.08% | 210,032 | 427,032 | 0.14% |
Jon Murphy subscribed in the Open Offer and details of his holding will be confirmed shortly.
The Open Offer shares were admitted to trading on 11 January 2017.
Capitalised terms used in this announcement shall have the meaning ascribed to them in the circular that was sent to shareholders on 30 November 2016 unless the context otherwise requires.
-Ends-
For further information please contact:
Northern Petroleum Plc Tel: +44 (0)20 7469 2900
Keith Bush, Chief Executive Officer
Nick Morgan, Finance Director
Stockdale Securities Limited (Nomad and Joint Broker) Tel: +44 (0)20 7601 6100
Antonio Bossi
David Coaten
FirstEnergy Capital LLP (Joint Broker) Tel: +44 (0)20 7448 0200
Jonathan Wright
Note to Editors:
Northern Petroleum is an oil and gas company focused on production led growth. The Company is undertaking a redevelopment and production project in north west Alberta and has a broader portfolio of exploration and appraisal opportunities in countries of relatively low political risk, primarily Italy. Comprehensive information on Northern Petroleum and its oil and gas operations, including press releases, annual reports and interim reports are available from Northern Petroleum's website: www.northernpetroleum.com
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