DES.L Regulatory News (DES)

28 Feb 2007 11:25

Desire Petroleum PLC28 February 2007 Desire Petroleum plc ("Desire" or the "Company") Additional Listing, Director's dealing and TVR The Company announces that Colin Phipps, Chairman, has exercised options over478,239 ordinary shares in the capital of the Company at 20.11p per share. Furthermore, Dr Phipps yesterday sold 478,239 shares to Phipps & Co. Limited (ofwhich Dr Phipps and Stephen Phipps, a director of the Company, are directors) at24.5p per share. Following these transactions, the interests in the issued share capital of DrPhipps directly and Phipps & Co. Limited are as follows: Name No. of shares Percentage Colin Phipps No direct holding NilPhipps & Co. Limited 30,582,633 13.7 Application will be made for 478,239 ordinary shares to be admitted to tradingon AIM. Dealings are expected to commence on 6 March 2007. Following the above exercise of options, for the purposes of the Financial Services Authority's Disclosure and Transparency Rules, the Company's total issued share capital at the date of this notice is 223,016,343 and The total number of voting rights in the Company is therefore 223,016,343. The above figure of 223,016,343 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notifytheir interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules. This information is provided by RNS The company news service from the London Stock Exchange